Autoneum Holding Ltd. (Formerly Rieter Automotive)

Company Profile

■URL

http://www.autoneum.com/

■Address

Schlosstalstrasse 43, CH-8406 Winterthur, Switzerland

Business Overview

-The Company is the global market and technology leader in acoustic and thermal management solutions for vehicles. The Company manufactures multifunctional and lightweight components and systems that provide noise and heat protection, thereby improving a vehicle’s comfort and convenience.

-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).

-The Company, once a division of Rieter Group (Rieter Automotive Systems), was spun off as an independent entity in May 2011.

Shareholders

-Listed on the SIX Swiss Exchange, Switzerland's principal stock exchange

List of Company's largest shareholders (As of Dec. 31, 2016)
Shareholder % voting rights
Artemis Beteiligungen I Ltd., Centinox Holding Ltd., Michael Pieper 20.29
PCS Holding Ltd., Peter Spuhler 17.18
Norgest Bank (the Central Bank of Norway) 3.00

Products

Engine compartment
-Engine Encapsulations
-Hoodliners
-Outer dashes and other body-mounted absorbers 
-Engine top covers
-Battery covers
-Fender insulators
-Water box shields

Interior floor
-Inner dashes
-Non-woven carpets
-Tufted carpets
-Floor insulators
-Floor mats
-Spacers/Crash pads

Underbody
-Under engine shields
-Under floor shields
-Wheelhouse outer liners
-Floor pans
-Battery boxes
-Heatshields

Body treatment
-Dampers
-Stiffeners
-Other acoustic components

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.

Supplemental Information 1