Mutares signs agreement to acquire NBHX Trim Europe

Mutares signs agreement to acquire NBHX Trim Europe from Ningbo Lawrence Automotive Interiors Co., Ltd.

Leading European supplier of decorative surfaces for premium automotive interiors

Add-on acquisition for Matikon to strengthen the Automotive & Mobility segment

Approx. EUR 200 million in revenue in the 2024 financial year

Closing expected in the second quarter of 2025

Munich, February 26, 2025 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire NBHX Trim Europe from Ningbo Lawrence Automotive Interiors Co., Ltd., a subsidiary of Ningbo Huaxiang Electronic Co., Ltd. ("NBHX"). The transaction strengthens Mutares' Automotive & Mobility segment and will complement the Matikon Group within Amaneos as an add-on acquisition. The transaction is subject to customary approvals, particularly by the Chinese government, the Board of NBHX, and the shareholders of NBHX, as well as merger control clearance. The transaction is expected to close in the second quarter of 2025.

NBHX Trim Europe is a leading European supplier of decorative surfaces for premium automotive interiors. The company develops and produces interior components from a wide range of materials, including aluminum, wood, carbon, leather, and injection-molded plastics. Headquartered in Bruchsal (Germany) and with additional production facilities in Rolem (Romania) and Abergavenny (UK), the company generated revenue of almost EUR 200 million in 2024 and employs around 2,000 people.