IAC may sell its Czech automotive plants

Inteva, a Dutch supplier of components and systems for the automotive industry, could acquire IAC’s Czech, Polish, and German plants producing interior parts for European car manufacturers. The transaction has been approved by the Czech Competition Authority.

With this move, IAC continues the divestment of its European plants. First, in March this year, IAC sold its Swedish operations to Indian Tata AutoComp, and at the beginning of August, it sold its Slovak plant in Lozorno. The company will continue to focus on automotive interior production in its plants in the USA and Mexico.

IAC operates three separate plants in the Czech Republic. Its final customers included European carmakers such as Mercedes-Benz, Škoda, Audi, Volkswagen, and others. In Přestice, IAC runs two plants with a total of 2,000 employees. The first specializes in roof panels, while the second focuses on door panels and damping components. The Hrušky plant, with 300 employees, produces instrument panels. In 2023, IAC’s Czech operations achieved revenues of CZK 10 billion and an EBITDA of CZK 170 million.

Inteva, which belongs to the American holding The Renco Group, is a global manufacturer of automotive components active in 10 countries. In the Czech Republic, it operates a plant in Rychnov with 150 employees producing door modules and window regulators.