Oak Park-based auto body supplier Futuris Group today announced it has completed the acquisition of Kongsberg Automotive’s North American headrest and armrest business, expanding their presence in Italy and the European market.
Futuris is a leading automotive tier 1 global JIT seating and interiors supplier with complete design, development, and production capabilities. The company has operations in the United States, Mexico, China, Thailand, and Australia, and overall it operates more than 25 facilities and employs 5,600 associates worldwide.
Switzerland-based Kongsberg Automotive provides products to the global vehicle industry. The company had 2016 revenue of $1 billion, and employs 10,000 people in 18 countries who work at 31 production facilities worldwide.
The company’s product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers.
“The acquisition of Kongsberg’s North American headrest and armrest business addresses our need to expand our North American manufacturing footprint and increase our product portfolio as part of the global strategy,” says Merv Dunn, president and CEO of Futuris. “The integration of the Milan business has been going very smoothly, and we anticipate being able to realize the benefits of this acquisition very quickly.”