Jet Investment has sold 100% of BENET AUTOMOTIVE to Japan's Teijin Limited, enhancing Teijin's position in the European automotive composite market.

Information on the Target

BENET AUTOMOTIVE, s.r.o., located in Mladá Boleslav, Czech Republic, specializes in producing lightweight and durable exterior components for the automotive industry. With three factories in the Czech Republic and one in Germany, the company primarily serves major car manufacturers, notably those within the VW Group including Škoda Auto, Audi, BMW, and Daimler. In the previous year, BENET generated sales of 35.2 million euros and currently employs approximately 720 individuals.

BENET is known for its innovative production of technologically advanced plastic components reinforced with carbon or glass fibers, as well as polyurethane parts. The company's capabilities extend to pre-series development, assembling painted components for new vehicles, and prototyping, thereby establishing a strong presence in the European market and aligning with Teijin's strategy to expand its portfolio in composite automotive components.

Industry Overview in the Target’s Specific Country

The automotive industry in the Czech Republic has seen substantial growth over recent years, becoming a key player in European automobile manufacturing. This growth is driven by increased demand for high-quality v