The listed Swiss automotive-parts group Autoneum Holding AG sold 100% of its Italian subsidiary automotive manufacturer Autoneum Italy Spa to mutares AG, the listed Munich- based investment company.

K Finance has been advisor to Autoneum.

Autoneum Group is a leading player in the industry of acoustic and thermal management solutions for motor vehicles. The Group is a partner for major light vehicle and heavy truck manufacturers around the world. The historical Italian nucleus of Autoneum Italy SpA was incorporated in the 1930s. Today the company, headquartered in Turin, is the result of the acquisition of Fimit by Autoneum Group in 1996, at that time called Rieter Automotive Systems.

Autoneum Italy produces interior components for acoustic and thermal isolation for both cars and trucks. The turnover in 2012 was approximately EUR 110 million.

Mutares was established in 2008 as an operational industrial group focusing on the acquisition of non-core businesses that are being sold by large international corporations. mutares’ current portfolio consists of 11 subsidiaries (for total sales of approximately EUR 500 million).