Autoneum Holding Ltd. (Formerly Rieter Automotive)
Company Profile
Business Overview
-The Company is a leading global supplier in sustainable acoustic and thermal management solutions for vehicles. It develops and manufactures multifunctional and lightweight components that provide noise and heat protection for vehicles.
-The Company is organized into four business groups by region: Business Group Europe, Business Group North America, Business Group Asia, and Business Group SAMEA (South America, Middle East and Africa).
-On April 1, 2023, the Company completed the acquisition of Borgers’ automotive business, paying an enterprise value of EUR 117 million. The acquisition of Borgers will expand the Company’s product portfolio and advance its position in acoustic and thermal management solutions. Specifically, Borgers’ wheel arch liner and truck liner product lines, as well as its commercial vehicle business, complement the Company’s product portfolio.
Shareholders
-The Company is listed on the SIX Swiss Exchange, Switzerland's principal stock exchange. | (As of Dec. 31, 2023) |
Shareholder | % voting rights |
Artemis Beteiligungen I Ltd, Hergiswil, Switzerland; and Michael Pieper, Hergiswil, Switzerland | 38.49 |
Martin and Rosmarie Ebner via Anna Holding AG, Wilen, Switzerland | 5.60 |
Martin Haefner, Erlenbach, Switzerland | 3.09 |
Products
Interior
-Crash pads
-Dampers
-Floor mats
-Floor insulators
-Inner dashes
-Inner wheelhouse insulators
-Tufted carpets and needle-punched carpets
-Heated floor mats
-Inner and outer trunk floor insulators
-Trunk side trim
-Trunk load floors
-Trunk tailgate trim
-Parcel shelves
-Trunk floor carpets
-Trunk floor trim
-Trunk floor mats
-Backseat trim
-Side and rear panels
-Washable surface flooring for commercial vehicles
-Headliners for commercial vehicles
-Upper storage systems for commercial vehicles
-Bunk bed support for commercial vehicles
Interior material technologies
-Relive-1 automotive carpet material with carpet yarns from recycled PET bottles while having higher abrasion resistance and easier cleanability
-Di-Light lightweight acoustic-insulating non-woven carpet material with increased resilience
-Clean-Tuft for tufted carpets with improved cleanability and durability
-Hybrid-Acoustics material made primarily from recycled cotton fibers that provides well-defined noise insulation and absorption characteristics
-Prime-Light flexible, lightweight material for acoustic and thermal insulation
-Ultra-Light lightweight material for acoustic insulation with noise absorption characteristics
-AUTYL lightweight adhesive damping solution for body parts
-Nero-Acoustics multi-layer mounted system for improved acoustic performance
Engine bay
-Engine encapsulations
-Engine top covers
-Hood liners
-Outer dashes
-Frunks
-e-motor encapsulations
-Outer trunk floor insulators
-Noise shields for commercial vehicles
-Hybrid-Acoustics PET fiber material with noise insulation and absorption characteristics for electric motor encapsulation
-Theta-FiberCell thermo-acoustic insulation material for engine encapsulation
-Theta-Fiber non-woven multifunctional material with high temperature resistance
-Theta-Cell polyurethane foam for lightweight acoustic insulation
Underbody
-Battery and spare wheel pans
-Heatshields
-Rear diffuser shields
-Under engine shields
-Under floor shields
-Underbody shields
-Under battery shields
-Wheelhouse outer and inner liners
-Inner wheelhouse insulators
-Outer tunnel insulators
-Battery electromagnetic shields
-Outer floor insulators
-Wheel arch liners
-Truck liners
-Ultra-Silent lightweight textile underfloor protection system for acoustic insulation
-Propylat sustainable textile for both interior and exterior noise reducing application
-Alpha-Liner multifunctional wheelhouse outer liner for tire noise reduction
-RIMIC heatshield material with additional noise reduction properties
History
1985 | Rieter Holding Ltd. established, listed on the Zurich stock exchange. |
1987 | Acquired Schubert & Salzer GmbH in Ingolstadt, Germany (rotor spinning machines). |
1992 | Acquired Automatik-Apparate-Maschinenbau GmbH in Grossostheim, Germany (synthetic fiber and palletizing machinery). |
1994 | Acquired Firth Furnishings Ltd. in Heckmondwike, U.K. (car carpets). Acquired Elitex in Usti nad Orlici, Czech Republic (rotor spinning machines). |
1995 | Unikeller Division is renamed Rieter Automotive Systems. |
1996 | Acquired Fimit S.p.A. in Turin, Italy (components for motor vehicles). |
Sep. 1996 | Joint-venture with Magee in Bloomsburg (Pennsylvania), USA (car carpets). |
Jul. 1997 | Acquired the whole of Brazilian corporate group Ello S.A. Based in Sao Bernardo do Campo, Ello is the manufacturer of interior trim and employs a workforce of some 600 in two plants. |
Oct. 1997 | Opened a new 2,000-square-meter manufacturing facility in Sevelen, Switzerland, where the underfloor system for the new Mercedes A-Class is developed and manufactured. |
Feb. 1998 | Signed cooperation and licensing agreements with Garni Auto of Morocco and Hirotani of Malaysia. |
Mar. 1998 | Established a joint venture in Turkey with a local company Erkurt. |
Apr. 1998 | Formed a joint venture with Feltex Automotive, a division of Island View Holdings Ltd in Rosslyn/Pretoria, South Africa. The operation produces floor systems and interior trim. |
Jun. 1998 | Established just-in-time operations at the Volvo industry park in Arendal, Sweden, three kilometres from the vehicle manufacturer's assembly plant in Torslanda. |
Jul. 1998 | Established production facilities in Katowice, Poland. The plant produces parts for the Fiat Palio, the Sienna and the Fiat 600 models such as acoustic components, parcel shelves and heat shields. |
Dec. 1999 | Adapted its business organization to the structural changes and bundled its business activities into three Business Groups. All new appointments and changes will be effective January 1, 2000. |
Feb. 2000 | The Company and the Japanese vehicle components producer Nihon Tokushu Toryo Co. strengthened their cooperation by agreeing to acquire cross shareholdings. The two companies have operated a joint-venture in North America since 1986, under the name of UGN. |
Apr. 2000 | Acquisition of two ICBT units in Valence, France (nonwoven machinery and yarn processing machinery). |
Aug. 2000 | Signed a license agreement with the Thai company Summit Auto Seats Industry Co., Ltd. The licensed products are textile floor carpets, NVH products and under shields. |
Sep. 2000 | Acquired a majority interest in an automotive engineering company called the Idea Institute, in Turin, Italy. The Idea Institute is a developmental partner of major international carmakers such as Fiat. The acquisition was expected to expand its know-how in the field of automotive design. |
Aug. 2001 | The Company and the Austrian company, Durmont entered into a strategic alliance. Durmont located in Hartberg, Austria, produces carpet products for the domestic and object market. The objective of the alliance is to jointly develop high-end carpet products for the automotive industry mainly in Europe. |
Jan. 2003 | The Company has increased its share-holding in Spanish automotive supplier Saifa-Keller S.A. to 50%. The Company previously held a minority interest in this supplier based in Terrassa, Barcelona and has been a joint venture partner of the company since 1975. The remaining shares will continue to be held by members of the co-founding families. |
2006 | Acquired Rieter Automotive India (formerly Unikeller India). |
2008 | Increased stake to 100% in Saifa-Keller, Spain. |
Apr. 2011 | Rieter Group transferred its all entities of Automotive Systems business and formed a new company "Autoneum Holding Ltd." |
2013 | Sold its subsidiary, Autoneum Italy S.p.A., to mutares AG. |
2014 | Established Joint Venture Autoneum Korea Ltd. in South Korea. |
Feb. 2016 | UGN, Inc., a U.S.-based joint venture of Autoneum and Japanese automotive supplier Nihon Tokushu Toryo (Nittoku), has sold its business in Chicago Heights, Illinois, USA, to an affiliate of the private investment firm Angeles Equity Partners. |
Jun. 2016 |
Broke ground on June 6 on the new facility at its automotive manufacturing plant in Aiken, South Carolina with USD 35 million investment. |
Aug. 2016 | Inaugurated a new plant in San Luis Potosi, Mexico, its third in the country. |
Dec. 2016 | Expanding its presence in China with the opening of its seventh plant for the production of lightweight acoustic and thermal management components in the eastern Chinese city of Yantai. |
Jan. 2017 | Establish a Competence Center for New Mobility in Sunnyvale, California. New technologies and products for acoustic and thermal management. |
Oct. 2017 | With four additional plants, significantly expanding its production capacities in China. At the new plant in the Eastern Chinese city of Yantai (Shandong Province), the production of inner dashes and carpet systems has already started. Around 250,000 vehicles of Chinese vehicle manufacturers will be supplied with components from Yantai each year. |
May 2018 | Opened a plant for the manufacture of lightweight components for acoustic and thermal management in Komarom, Hungary. |
Sep. 2018 | Opened of two new plants in China, Pinghu (Zhejiang Province) manufacture underbody systems made of Ultra-Silent for European, US-American and Chinese customers, and Shenyang Tiexi (Liaoning Province). |
Jan. 2023 | Signed an agreement to acquire the automotive business of Borgers Group, with the enterprise value paid amounting to EUR 117 million. |
Apr. 2023 | Completed the acquisition of Borgers’ automotive business. |
Supplemental Information 1
>>>Business Report FY ended Dec. 31, 2007 (Rieter Automotive)
>>>Business Report FY ended Dec. 31, 2008 (Rieter Automotive)
>>>Business Report FY ended Dec. 31, 2009 (Rieter Automotive)
>>>Business Report FY ended Dec. 31, 2010 (Rieter Automotive)
>>>Business Report FY ended Dec. 31, 2011
>>>Business Report FY ended Dec. 31, 2012
>>>Business Report FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2015
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>>>Business Report FY ended Dec. 31, 2017
>>>Business Report FY ended Dec. 31, 2018
>>>Business Report FY ended Dec. 31, 2019
>>>Business Report FY ended Dec. 31, 2020
>>>Business Report FY ended Dec. 31, 2021
>>>Business Report FY ended Dec. 31, 2022
Note: A figure in brackets ( ) indicates a loss