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Eissmann Automotive Absorbs Minda KTSN Plastic Solutions

Image: Eissmann Automotive Eissmann Automotive logo
The successful takeover of plastics expert KTSN and additional expertise positions the group as a technology integrator and more effective partner for customers in the automotive industry, said the company.

Eissmann Automotive KTSN GmbH announced today that it is now wholly part of the Eissmann Group and that the operational merger of Minda KTSN Plastic Solutions GmbH & Co. KG has been completed. The Minda subsidiary in Poland will be renamed Eissmann Automotive Polska Sp.zo.o. Robert Kozielski will head management of the Eissmann plant in Pirna, Germany, southeast of Dresden, and Jacek Stefański will continue as manager in Poland.

Eissmann Group reports that it was able to reach all closing conditions as planned on March 31.

Minda KTSN was the German subsidiary of India’s auto parts maker Minda Corp. and had built a reputation for injection molding gloveboxes, seat-back panels, cup holders, and other plastic components for the automotive industry at plants in Pirna, Mexico, and Poland. It filed for bankruptcy protection in Germany in June 2020, after the parent company chose to stop investing capital, reported The Hindu newspaper at the time.

Eissmann Group Automotive operates 12 sites across three continents, employs a staff of 5,000 people, and last reported a total turnover of €470 million. In recent years, Eissmann extended its expertise in the field of laminated leather for high-quality interior automotive components. As a system supplier for mobile living spaces, Eissmann works with numerous automotive manufacturers and suppliers.

The successful takeover of plastics expert KTSN and additional expertise positions the group as a technology integrator and more effective partner for customers in the automotive industry, said Eissmann.

TAGS: Business M&A
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