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Inteva Products acquires selected European assets from IAC Group
Yahoo Finance· 2025-12-04 12:54
Core Insights - Inteva Products has acquired specific European operations of International Automotive Components (IAC) Group to enhance its global engineering capabilities and strengthen its position in the automotive interiors segment [1][2] - The acquisition increases Inteva's global workforce to 12,000 employees across 37 sites worldwide, maintaining engineering and technical centers in North America, Europe, and Asia [1][2] - Inteva's portfolio includes four core product lines: closure systems, interior systems, latches, and motors and electronics, supplying engineered systems and components to vehicle manufacturers globally [2] Company Statements - Gerard Roose, president and CEO of Inteva Products, emphasized the shared commitment to innovation and customer success, stating that the merger will create a stronger and more capable entity in the automotive industry [2] - Kevin Baird, CEO of IAC Group, expressed confidence in Inteva as the right partner to build upon their strengths, highlighting future opportunities for teams and stakeholders [3] IAC Group Overview - IAC Group, based in Luxembourg, is a global supplier of automotive components and systems, employing nearly 7,500 people and operating 15 sites, including 12 production facilities in Mexico and the US [3][4] - The company is recognized as a billion-dollar manufacturer, providing various automotive components such as instrument panels, console systems, door panels, headliners, and overhead systems [4]
Strattec to Participate in Upcoming Virtual Investor Conferences
Businesswire· 2025-12-02 13:30
Core Viewpoint - Strattec Security Corporation will participate in two upcoming virtual investor conferences, showcasing its position as a leading provider of smart vehicle access and security solutions for the automotive industry [1][5]. Group 1: Investor Conference Details - The iAccess Alpha Virtual Best Ideas Winter Investment Conference will take place on December 9 and 10, 2025, with a presentation scheduled for 10:00 a.m. Eastern Time on December 9 and one-on-one meetings on December 10 [5]. - The Sidoti Year End Virtual Investor Conference is set for December 11, 2025, featuring a presentation at 1:00 p.m. Eastern Time and one-on-one meetings [5]. - Live audio webcasts and accompanying slides for both events will be available on the STRT Investor Relations website, with archives accessible post-conference [2]. Group 2: Company Overview - Strattec Security Corporation is a prominent global provider of advanced automotive access, security, and authorization solutions, primarily serving vehicle manufacturers in the U.S. [3]. - The company has over 110 years of history and has evolved from mechanical to integrated electro-mechanical systems in vehicle security [3]. - Strattec's product offerings include power access solutions, latches, vehicle start systems, keys, fobs, locks, and door handles, among others [3].