Flextronics has agreed to acquire Mirror Controls International for €457 million to enhance its automotive capabilities and drive growth.

Target Company Overview

Mirror Controls International (MCi), headquartered in Woerden, the Netherlands, is a prominent global manufacturer specializing in glass and powerfold mirror actuators within the automotive sector. With three highly automated manufacturing facilities located in China, Mexico, and Ireland, MCi has established itself as a leading player in its field. Over the past year, the company generated approximately €200 million (around $216 million USD) in revenue and has demonstrated a robust growth trajectory, achieving over 20% annual growth historically.

Industry Overview in the Netherlands

The automotive industry in the Netherlands has consistently showcased resilience and innovation, becoming a crucial contributor to the country's economy. Dutch automotive manufacturers are heavily invested in research and development, particularly in technologies that promote sustainability and enhance vehicle performance. With a strong focus on electric vehicles (EVs) and mobility services, the industry is positioned to leverage new technologies that drive efficiency and meet global environmental standards.

Moreover, the Netherlands benefits from a strategic geographical position that provides access to larger European markets, making it an attractive hub for automotive manufacturing and technology firms. Th