Acceleration of global expansion and access to foreign OEMs
Steinau, January 29th, 2013. Tokai Rubber Industries, Ltd. acquires the entire share capital of Anvis Group GmbH ("Anvis Group"). Anvis Group is a leading Germany-based manufacturer of automotive Anti-Vibration Systems (“AVS”) predominantly serving European OEMs on a global basis. Europe is one of the largest automotive markets globally and major OEMs (including major customers of TRI) have a manufacturing footprint in Europe. TRI already has a manufacturing subsidiary in Poland from which it supplies AVS products to its Japanese customer base in Europe.
Leveraging on Anvis Group’s manufacturing footprint in Europe, NAFTA, Russia and China and relying on its strong relationships with European OEMs, TRI aims to accelerate the global supply to Japanese clients and to expand its foreign customer’s base, both targets TRI committed to under its mid-term management plan ("2015 TRI Group Vision"). In December 2012, TRI already established a joint venture with Anvis Group in Mexico.
By joining forces with Anvis Group and its management team in combination with its complementary geographical footprint and over 200 patents, TRI can further expand its European customer base and reinforce the development and manufacturing capabilities of anti-vibration systems for small to mid-sized vehicles. In addition, TRI has recently announced the acquisition of Dytech-Dynamic Fluid Technologies S.p.A., an Italy based manufacturer of automotive hoses. TRI aims to further strengthen its complementary network on the global basis and is committed to provide the quality products expeditiously to its global customer base. The share purchase agreement was signed on January 28, 2013. The closing of the transaction is conditional upon merger control clearance.
Anvis is a globally active automotive supplier of innovative solutions for driving dynamics, comfort and road safety. The Group offers a broad product range, including chassis components, engine mount sysetms, exhaust system hangers as well as decoupling elements and mass dampers. Furthermore, Anvis generates approximately 10% of its turnover with industrial customers.
Anvis has 13 sites worldwide and has reached sales of more than € 300 million. Customers in the automotive segment include leading OEMs such as VW, BMW, Mercedes, Nissan, Audi, Porsche, MAN, GM, Renault, PSA and many more. The industrial sector caters to customers in the railway and aerospace industries, as well as to a broad range of companies from other industrial sectors.
About Tokai Rubber Industries (TRI)
Japan based company Tokai Rubber Industries Ltd. was founded in 1929. Since then TRI developed to a world leading company in rubber technology.The company develops and manufactures components including anti-vibration rubber and hoses, IT-related components and a range of industrial products. Customers are automotive manufacturers and companies from a range of industries including steel, machinery, and IT equipment.
Annual sales of TRI reached 2 billion Euros in FY 2012. The company employs almost 18,000 people worldwide.
ANVIS Deutschland GmbH
36396 Steinau an der Straße
phone: +49 6663 9128-340
fax: +49 6663 9128-4340
Anvis strengthens its competitive position in the American market
Anvis strengthens competitive position in the Americas / Joint Venture with strong strategic partner / Milestone in the global footprint strategy
Steinau, November 13th, 2012. Anvis Group has agreed with Tokai Rubber Industries of Japan to form two joint ventures at its site in Queretaro, Mexico. The two joint ventures will bolster the firm’s competitive position in the Americas. Under the new structure, Anvis’ existing Mexican plant becomes a joint venture with Anvis holding a 51% stake. At the same time, a new production plant will be established as part of a second joint venture, where Tokai will hold a 51% stake. Production at the new plant will start in fall 2013. Both companies committed to invest several million Euros into the further development of the site, where more than 200 new jobs will be created.
A further step to strengthen the global footprint
In light of the continuing growth of the American automobile market, European, Japanese and American OEMs continue to expand their production capacities in North and South America. This development entails new opportunities for the automotive supplier industry. In line with the company’s medium term strategy of fostering its position in growing markets, the formation of these joint ventures marks a significant milestone.
Conditions for continued profitable growth
Anvis Mexico was founded in 1993. In 2011, the site generated sales of €21 million with its two key customers VW and Nissan. The joint venture structure ensures profitable revenue growth for both Anvis and Tokai. Synergies can be realized through the common utilization of the regional supplier structure and economies of scale resulting from the more efficient usage of resources at the site.
Anvis is a globally active automotive supplier of innovative solutions for driving dynamics, comfort and road safety. The Group offers a broad product range, including chassis components, aggregate storage, exhaust system hangers as well as decoupling elements and mass dampers. Furthermore, Anvis generates approximately 10% of its turnover with industrial customers. Anvis has 13 sites worldwide and has reached sales of about € 300 million. Customers in the automotive segment include leading OEMs such as Volkswagen, BMW, Mercedes, Nissan, Audi, Porsche, MAN and many more. The industrial sector caters to customers in the railway and aerospace industries, as well as to a broad range of companies from other industrial sectors.
ANVIS Group Deutschland
36396 Steinau an der Straße
phone: +49 6663 9128-121
fax: +49 6663 9128-4121