Inteva Products acquires portions of International Automotive Components (IAC) Group in Europe and strengthens its competitive position in the automotive interiors market.
Inteva Products, a leading global automotive supplier of engineered components and systems, has acquired portions of International Automotive Components (IAC) Group’s European business.
With this acquisition, Inteva strengthens its competitive position as an innovative leader in the automotive interiors market while expanding its global engineering expertise.
“Today marks the beginning of an exciting chapter as we officially welcome our new colleagues from select IAC operations in Europe to Inteva Products,” said Gerard Roose, President and CEO, Inteva Products. “We’re bringing together two exceptional teams with a shared commitment to innovation, excellence, and customer success. Together, we’re stronger, more capable, and better positioned to shape the future of the automotive industry. We couldn’t be more excited about what lies ahead.”
With the acquisition, Inteva has a global workforce of 12,000 employees at 37 locations around the world. Inteva has engineering and technical centers in North America, Europe, and Asia supporting global customers with full-service design, development, integration, prototype, testing, and validation capabilities.
“Our IAC European team has built a strong regional foundation for the business,” said Kevin Baird, CEO, IAC Group. “Inteva Products is the right partner to build upon this strength. They share our commitment of innovation, customer success and overall excellence. This move creates exciting future opportunities for our teams, as well as our customers and other stakeholders.”
“Our customers are at the center of our business, and today’s milestone is all about delivering even more for them. By adding complementary products and technologies, we are broadening our capabilities and delivering even greater value across our core product segments,” said Marco vom Wege, Vice President and Chief Commercial Officer, Inteva Products, responsible for Merger & Acquisition activities. “This allows us to deepen our expertise and accelerate innovation, opening new opportunities to serve our customers better, and faster, than ever before.”
Inteva’s innovative product lines serve a variety of industries. The company has organized its product and service offerings around four product lines, including closure systems, interior systems, latches, and motors and electronics.
 Group in Europe and strengthens its competitive position.){kind=link}