Mutares Signs Agreement to Acquire NBHX Trim Europe
Deal News | Feb 26, 2025 | Mutares
Mutares SE & Co. KGaA, a European private equity firm, has signed a definitive agreement to acquire NBHX Trim Europe from Ningbo Lawrence Automotive Interiors Co., Ltd., part of Ningbo Huaxiang Electronic Co., Ltd. The transaction is aimed at enhancing Mutares' Automotive & Mobility segment and will serve as an add-on acquisition for the Matikon Group within Amaneos. NBHX Trim Europe, a leading supplier of decorative surfaces for premium automotive interiors, generated nearly EUR 200 million in revenue in 2024 and employs approximately 2,000 staff across its facilities in Germany, Romania, and the UK. The acquisition is subject to regulatory approvals, including those from Chinese authorities, NBHX's board, shareholders, and merger control clearance. If approved, the deal is expected to close in the second quarter of 2025. This acquisition is seen as a strategic move to enhance operational performance and broaden Mutares' global presence in interior automotive applications.
Sectors
- Automotive Industry
- Private Equity
Geography
- Germany – NBHX Trim Europe is headquartered in Germany, and Mutares is also based in Munich, Germany.
- China – The selling company, Ningbo Lawrence Automotive Interiors Co., Ltd., is a Chinese entity, indicating involvement from the Chinese market and regulatory environment.
- Romania – NBHX Trim Europe has production facilities in Romania.
- United Kingdom – NBHX Trim Europe has production facilities in the UK.
Industry
- Automotive Industry – The acquisition involves companies operating within the automotive sector, focusing on interior decorations and components for vehicles.
- Private Equity – Mutares is a private equity firm involved in acquiring, restructuring, and enhancing the portfolio of businesses, such as NBHX Trim Europe.
Financials
- EUR 200 million – Projected revenue for NBHX Trim Europe in the 2024 financial year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mutares SE & Co. KGaA | Bidding Company/Buyer | Company | A European private equity firm engaged in acquiring and restructuring businesses to enhance their operational performance. |
| NBHX Trim Europe | Target Company | Company | A European supplier of decorative surfaces for premium automotive interiors. |
| Ningbo Lawrence Automotive Interiors Co., Ltd. | Selling Company/Vendor | Company | A subsidiary of Ningbo Huaxiang Electronic Co., Ltd., involved in the sale of NBHX Trim Europe. |
| Ningbo Huaxiang Electronic Co., Ltd. | Parent Company of Vendor | Company | The parent company of Ningbo Lawrence Automotive Interiors Co., Ltd. |
| Johannes Laumann | Chief Investment Officer | Person | CIO of Mutares, commenting on the strategic importance of the acquisition. |