Written on 03.04.2013 - Industry
You have these options:

TRI to acquire automotive anti-vibration systems manufacturer Anvis

At the signing ceremony in Frankfurt/Main, Germany: Yoshiaki Nishimura, TRI President (right), and Olaf Hahn, Anvis Group CEO (left).

On 28 January 2013, Japanese company Tokai Rubber Industries, Ltd. (TRI), Komaki City, has agreed to acquire the entire share capital of German Anvis Group GmbH, Steinau, a manufacturer of automotive anti-vibration systems (AVS), from its shareholders H. I. G. Luxembourg Holdings Eleven S.à.r.L. (90 %) and Hahn GmbH (10 %). Financial details were not disclosed. Closing of the transaction is conditional upon merger control clearance. In December 2012, TRI had already established a joint venture with Anvis Group in Mexico.

The Anvis Group is a successor company of Woco Michelin AVS GmbH, founded in the year 2000 as a joint venture between Woco and Michelin. The company’s product range includes chassis components, aggregate storage, exhaust system hangers as well as decoupling elements, and mass dampers. Apart from the automobile industry (e. g. Volkswagen, Renault, Peugeot/Citroën, Daimler, and Ford), Anvis Group’s customers include the railway industry and other industrial sectors where oscillation and noise reduction systems are used. With approximately 2,000 employees at 13 locations in 11 countries, the company had 2011 sales of EUR 305 million.

Leveraging Anvis’ technology for small/compact to mid-sized cars, manufacturing facilities in Europe, and strong relationship with European OEMs, TRI aims to accelerate an establishment of global supply capabilities to serve Japanese customers and to further expand its non-Japanese customer base. TRI already has a manufacturing subsidiary in Poland from which it supplies AVS products to its Japanese customers in Europe. In addition, the company has recently announced the acquisition of Dytech-Dynamic Fluid Technologies S.p.A., an Italian manufacturer of automotive hoses.