With this acquisition, the company is expected to generate revenues of over Rs 4,500 crore.
22 Jul 2024 | 4318 Views | By Autocar Professional Bureau
Imperial Auto Industries, a global manufacturer of fluid transmission products, has acquired the assets of Metallwerk Biebighäuser, a German manufacturer of metal tubular assemblies for the automotive industry.
The acquisition also includes Biebighäuser's Slovakian subsidiary and was executed through IAIL's German arm, Imperial Auto Germany GmbH. Biebighäuser manufactures and ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
Imperial Auto Industries, a global manufacturer of fluid transmission products, has acquired the assets of Metallwerk Biebighäuser, a German manufacturer of metal tubular assemblies for the automotive industry.
The acquisition also includes Biebighäuser's Slovakian subsidiary and was executed through IAIL's German arm, Imperial Auto Germany GmbH. Biebighäuser manufactures and supplies critical components to some of the largest European OEMs including Volkswagen, BMW and Mercedes, through its highly automated
processes and diverse capabilities across multiple divisions. This strategic move further expands Imperial’s presence in Europe, unlocks meaningful revenue potential, and strengthens Imperial’s positioning to address the increasing demand for electric vehicle components.
"This acquisition offers us direct access to German passenger vehicle OEMs and opens opportunities to engage with the truck and industrial segments in the region. We are now integral to the ecosystem, being present in the ICE engine market as well as in the rapidly expanding EV space. This development enhances our relationship with the OEMs and, further accelerates our growth in Germany and other parts of Europe." said Tarun Lamba, Managing Director and CEO of Imperial Auto. "We are thrilled to welcome over 400 members to the Imperial Auto family, strengthening our global team and capabilities."
Imperial Auto is backed by Warburg Pincus, a leading global growth investor. Imperial has delivered strong organic growth over the past three years and has more than doubled its topline driven by robust organic growth in both domestic and export markets. With this acquisition, the company is expected to generate revenues of over Rs 4,500 crore.