The deal will almost double Sapa's revenue to €700 million ($728 million) and expand ties between the automotive interior supplier and major customers such as Volkswagen AG, BMW AG and Stellantis NV, the statement said.
The terms are not disclosed.
Sapa, founded in 1974, had sales of almost €360 million in 2024 and employs more than 2,000 people in seven countries. Megatech, which is closely controlled, is based in Liechtenstein. Both companies produce cast automotive components such as instrument panels, trim panels and center consoles.
The acquisition will broaden the Italian firm's product line to reduce volatility and allow it to consolidate operations in Portugal, Spain and Poland. At the same time, Sapa gains geographical diversity with a new presence in the Czech Republic, Germany and Brazil.
The slowdown in global car production has affected original parts manufacturers, including in Italy.
Source: Bloomberg
