Autoneum
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| Public company AG | |
| ISIN | CH0127480363 |
| Industry | Automotive |
| Founded | May 13, 2011 |
| Headquarters | Winterthur, Switzerland |
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Key people
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Martin Hirzel (CEO) Hans-Peter Schwald (Chairman of the Board of Directors) |
| Products | Automotive Components |
| Services | Automotive Supplier |
| Revenue |
 2.053 billion (2013) |
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79.2 million (EBIT) (2013) |
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36.2 million (2013) |
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Number of employees
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Some 9,600 |
| Website | www |
Autoneum (legal name Autoneum Holding AG) is an internationally active Swiss industrial group with registered offices in Winterthur, Switzerland. The Autoneum Group, an automotive industry supplier, was founded in 2011 as a Rieter Holding AG spin-off. The company is listed on the Swiss Exchange (SIX). In 1984 the former automotive supplier Unikeller AG was taken over by Rieter Holding AG and operated under the name of Rieter Automotive Systems until May 2011, when it was renamed Autoneum as an independent company. Autoneum employs some 9,600 people at over 45 locations in around 20 countries. Autoneum net sales for 2013 were 2.053 billion CHF.
Autoneum's business begins as Unikeller AG, a Swiss company that specialized in noise control and thermal insulation systems for automotive vehicles. In 1984, Unikeller AG is acquired by Rieter Holding (Autoneum's parent company until giving effect to the separation in 2011). Unikeller AG and Firth Furnishing Ltd., a UK maker of carpeting for automotive vehicles that was acquired by Rieter Holding in 1994, together form the basis of Rieter Holding's automotive division, which is referred to as "Rieter Automotive Systems". Rieter Automotive Systems is to grow subsequently through a series of acquisitions as well as organic growth.
In 1986, a subsidiary of Globe Industries forms a joint venture with Nihon Tokushu Toryo Co., Ltd. (Nittoku), a Japanese manufacturing company specializing in, among other things, automotive soundproof materials. The new joint venture is named UGN and its purpose is to manufacture and sell products to Japanese headquartered OEMs in the United States and Canada. As a result of its acquisition of Globe Industries, Rieter Automotive Systems enters into its first joint venture with Nittoku by stepping in as Nittoku's new partner in the UGN joint venture. Prior to this acquisition, Rieter Automotive Systems has only worked with Nittoku through license agreements.
In 1995, it expands its operations into the U.S. by acquiring Globe Acquisition Corporation, Inc., a Delaware corporation that manufactures components for automotive vehicles (Globe Industries). Unikeller division is renamed Rieter Automotive Systems.
In 1996, Rieter Automotive Systems bolsters its European presence through its acquisition of Fimit S.p.A., an Italian manufacturer of components for automotive vehicles.
In 1997, Rieter Automotive Systems further expands its U.S. operations by establishing a joint venture with Magee Industrial Enterprise Inc., a Pennsylvania company to manufacture carpeting for automotive vehicles. This joint venture later, in 2005, becomes the wholly owned subsidiary of Rieter Automotive North America. In the same year, it also acquires Ello Ltda., a Brazilian manufacturer of components for motor vehicles.
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Wikipedia