International Automotive Components
| International Automotive Components Group | |
|---|---|
| legal form | |
| Seat | Findel, Luxembourg
|
| management | Robert S. Miller |
| Number of employees | 32,000 (2015) |
| sales | 5.9 billion US $ (2015) |
| Branch | Automotive supplier |
| Website | www.iacgroup.com |
The International Automotive Components Group (IAC) is a global group of companies in the automotive supplier industry , specializing in vehicle interiors. Its headquarters are in Findel in the Grand Duchy of Luxembourg .
The German subsidiary is based in Düsseldorf .
history
IAC was initially formed as a joint venture between Lear Corporation , WL Ross & Co. (a company owned by US financial investor Wilbur Ross ) and Franklin Mutual Advisers (a subsidiary of Franklin Templeton Investments ) for the purpose of uniting the interior systems division of several suppliers and creating a large one Special company that could offer cheaper. The background to this was the pressure from major car manufacturers who, for reasons of cost, would no longer buy entire interior fittings from a sole proprietorship. Since this division of Lear was not profitable enough, they wanted to sell it.
At the end of November 2005, Wilbur L. Ross, Chairman of the IAC Group, announced his intention to take over the European division of Collins & Aikman , which then took place. The Brazilian subsidiary was also taken over. In December 2005 the Zapata Corporation sold a majority stake in its subsidiary Safety Components International (manufacturer of airbag systems ) to Ross. In October 2006, the European division of the vehicle interiors division of the Lear Corporation was taken over. In early 2007, Lear brought virtually all of his North America division of the interior systems division into the IAC North America division.
Ultimately, the entire global activities of Lear and Collins & Aikman in the field of vehicle interiors have been brought together in the IAC, supplemented by a few related areas. In June 2009 IAC took over the insolvent German supplier Stankiewicz .
Total sales of IAC amounted in 2015 to around 5.9 billion US dollars . In 2015 the group had 100 branches in 22 countries worldwide. In 2015 the IAC employed around 32,000 people.
In June 2015, the Federal Cartel Office imposed fines of EUR 75 million on the five automotive suppliers Autoneum , Carcoustics from Leverkusen, Greiner Perfoam from Austria, Ideal Automotive from Burgebrach and the German subsidiary of IAC in Düsseldorf for illegal price fixing in 2005 until 2013.
Individual evidence
- ↑ The Federal Cartel Office imposes fines of EUR 75 million on automotive suppliers. Bundeskartellamt , June 24, 2015, accessed on June 24, 2015 .