Inalfa sold to Beijing Hainachuan Automotive Parts
Beijing Hainachuan Automotive Parts Co., Ltd (“BHAP”) will acquire 100% stake in Inalfa Roof Systems Group B.V. (“Inalfa”) from 4 co-shareholders including AAC Capital Partners, and Parcom Capital. Following this acquisition, Inalfa will become a wholly-owned subsidiary of BHAP. This transaction has been approved by China’s National Development and Reform Commission (“NDRC”).
Inalfa is one of the largest suppliers of vehicle roof systems in the world. The company designs, develops and manufactures sunroofs and open-roof systems for the leading car manufacturers around the globe, including BMW Group, Daimler, Ford Motor Company, General Motor, Volkswagen, Audi, Volvo, Land Rover, Rolls-Royce, Renault, Nissan, etc. Inalfa combines its best-in-class R&D and manufacturing capabilities, internationalized sales channels and a global footprint, to locally supply its customers in Europe, USA, South Korea, China, Brazil, and Mexico.
BHAP is one of the top automotive part manufacturers in China. Its Twelfth Five Years Plans has clearly indicated international acquisition as a core global strategy. With this strategy, BHAP strives to become a global player in automotive part industry and supply auto manufacturers across the globe with high quality automotive part products. The strategic acquisition of Inalfa is expected to further diversify BHAP’s product portfolio, strengthen its R&D and marketing capability as well as its competitiveness. BHAP’s management believes, “after this acquisition, BHAP will raise its global brand awareness and help Inalfa expand its China business and grow more rapidly with increasing market share and sales volumes in China and improving financial profitability.
Meanwhile, we will fully support Inalfa’s outstanding management team and are confident that Inalfa will maintain its key strength of advanced technology, and further develop its best-in-class R&D and engineering capabilities, product integrity and customer relations.”
This transaction is a landmark of Inalfa. BHAP has actively engaged Inalfa management to discuss future growth strategies and operations and plan to provide Inalfa with full support in all aspects, to achieve more rapid growth for both BHAP and Inalfa.