Magna Car Top Systems Acquisition Completed by Mutares

Mutares announced on August 6 that it has successfully completed the acquisition of Magna International's Car Top Systems (CTS) business, marking the establishment of CTS as an independent automotive supplier. The completed transaction strengthens the HILO platform by adding specialized expertise in roof and aerodynamic systems while maintaining the technical capabilities and product focus that CTS has built over the years. This development supports the company's strategy of expanding its automotive components portfolio through complementary businesses.

CTS Strengthens Roof and Aerodynamic Systems Portfolio

Based in Germany, CTS specializes in the design and supply of automotive roof and aerodynamic systems for global vehicle manufacturers. Its portfolio includes roof systems, sliding and folding roof solutions, as well as spoilers used across multiple passenger vehicle programs. The company generates approximately EUR 75 million in annual revenue, reflecting its established position within the automotive supply chain and its experience in delivering technically advanced exterior system components to OEM customers worldwide.

Expanded Capabilities Within the HILO Platform

The acquisition broadens the overall product offering available through the HILO platform. HILO Group is recognized for producing durable hinges, locking systems, and other essential automotive components, while the newly independent CTS contributes specialized knowledge in complex roof architectures, soft-top mechanisms, and associated engineering solutions. By combining these complementary capabilities, the two businesses will be positioned to provide integrated roof and exterior system solutions that address the evolving requirements of automotive OEMs with a broader and more comprehensive product portfolio.

Frequently Asked Questions

What does the Magna Car Top Systems acquisition mean for HILO Group?
The completion of the Magna Car Top Systems acquisition establishes CTS as an independent automotive supplier within the HILO platform. CTS adds expertise in roof systems, aerodynamic components, soft-top mechanisms, and complex roof architectures, complementing HILO Group's existing strengths in hinges, locking systems, and essential automotive components. Together, the businesses will offer integrated roof and exterior system solutions to automotive OEMs while expanding the platform's product portfolio and engineering capabilities.