VOSS Automotive acquires Indian automotive supplier MEIPL – Consolidated engagement in India
On August 29th VOSS Automotive GmbH acquired the automotive supplier MGI Coutier Exotech Industries Pvt. Ltd. (MEIPL) and all outstanding shares of VOSS Exotech Automotive Pvt. Ltd. (VEAPL). Both companies are now 100% owned by the VOSS group. With this step VOSS automotive has taken another important step of expanding in key markets along its “2020 strategy”.
MEIPL and VEAPL - competent Automotive suppliers for line systems
MEIPL and VEAPL are a well-regarded among their Indian customers for excellent reliability, flexibility and know-how in delivering fluid management solutions. MEIPL extrudes PA tubes and assembles them with quick connections to finished lines and furthermore to bundles for pneumatics, fuel and other applications.
With this acquisition the VOSS Group is growing by ~ 450 employees and ~€ 20 Million/a.