Mutares positions newly formed HILO Group as system supplier of high-quality automotive technology
• HILO Group acts as new holding company for the global business of supplying hinge and locking systems for OEMs within the Mutares portfolio
• Global player with approx. EUR 350 million in revenues planned for the fiscal year 2024 and 1,500 employees at 10 locations worldwide
• Significant synergy potential in sales and increase of operational excellence while ensuring cost efficiency and competitive prices
Please see attached PDF to view the full announcement.