Mutares positions newly formed HILO Group as system supplier of high-quality automotive technology
- HILO Group acts as new holding company for the global business of supplying hinge and locking systems for OEMs within the Mutares portfolio
- Global player with approx. EUR 350 million in revenues planned for the fiscal year 2024 and 1,500 employees at 10 locations worldwide
- Significant synergy potential in sales and increase of operational excellence while ensuring cost efficiency and competitive prices