imat-uve : CTI takes over 90% of imat-uve

CTI takes over 90% of imat-uve

(Source: imat-uve)
(Source: imat-uve)

The now completed merger, with CTI Germany Holding now holding 90% of imat-uve's shares, is intended to drive global growth. CTI Germany Holding GmbH & Co. KG, Frankfurt/Germany, a wholly owned subsidiary of Chinese leading TIC service provider Centre Testing International Group Co., Ltd. (CTI), Shenzhen/China, officially announced the completion of the merger with German automotive service provider imat-uve group GmbH, Mönchengladbach/Germany. The remaining 10 % remain with one of the existing shareholders, Hans-Willi Müller, who will continue to manage the business.
imat-uve has more than 30 years of expertise and provides a wide range of services to global automotive brands. Along the whole value chain from the idea to the finished product, imat-uve supports both car manufacturers and their suppliers in the areas of design, engineering and testing. 10 years ago, the company began its global expansion by establishing subsidiaries in the USA, South Africa and China. The latest addition to the imat group is a sales and logistics base in Queretaro/Mexico. From here, not only German automotive companies are supported, but also international brands and new customers in the field of mobility.
Looking forward, imat-uve’s core business principle will be retained by bundling competencies and leveraging performance from CTI, to continue to support and enhance client relationships. imat-uve is dedicated to creating further jobs with the goal of both domestic and international expansion.

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