SIMEST, a company of the CDP Group’s export and internationalisation hub, is supporting the European growth of the Lombardy-based company IMR Automotive Spa, which specialises in the manufacture of car-body components from composite materials and plastics.
An agreement was signed for the acquisition of Industrialesud Spa of Teramo, which operates in the automotive component industry, with a focus on interiors. SIMEST’s stake is equal to 18.75%, with an investment of €7.5 million.
Thanks to the support of SIMEST, the IMR Group becomes one of the most important European players in the automotive sector, expanding its activities to a complementary sector, acquiring new customers and pursuing the goal of doubling turnover (to over €400 million) by 2021.
The IMR Group, which is headquartered in Carate Brianza (province of Monza-Brianza), specialises in the production of exteriors for Luxury and Premium vehicles. Among its top 10 customers are CNH, Volkswagen, FCA, Audi and Ferrari. It also has three other plants in Italy ‑ Turin, Mondovì (province of Cuneo) and Albiate (Monza-Brianza) ‑ and three plants elsewhere in Europe, of which two in Germany and one in Spain.
The Industrialesud Group has three production plants at Teramo, Jawor (Poland) and Olesa (Spain). In Europe, the Group also has seven logistics centres in the immediate vicinity of the production plants of the main customers (Grugliasco for Maserati, Melfi for FCA, Cassino for Alfa Romeo, Olesa for Seat, Ingolstadt for Audi, Wolfsburg for VW and Opel and Landau for BMW).
Both IMR and Industrialesud have also been customers of SACE, which supported their international production development plans.
Contact details for the media:
Tel: +39 06 68635.777
SIMEST is part of the CDP Group, 76% owned by SACE, with leading Italian banks and trade associations among its other investors. SIMEST and SACE form the export and internationalisation hub of the CDP Group, which offers the entire range of financial instruments to support Italian companies interested in competing and expanding internationally. In particular, SIMEST supports companies throughout their entire international development process, providing soft loans for internationalisation, export credit support and equity investments