Autoneum could acquire in China
Autoneum, the listed Swiss automotive parts company, could make acquisitions in China, Handelszeitung reported. Autoneum Chief Martin Hirzel told the Swiss weekly in a wide ranging interview that he is keen to acquire in China if he can find a parts company which would enable contacts with a Chinese auto-maker. Talks are underway, Hirzel stated.
Hirzel also confirmed he is interested in entering the Iranian market and is in talks with French auto-manufacturers Renault and PSA Peugeot Citroen regarding re-entering this market.
Autoneum is targeting revenues of CHF 2.6bn by 2020, the report noted.
Handelszeitung