03-03-2025
Italy's Sapa Buys Megatech in Auto Suppliers Consolidation
Italian car-parts maker Sapa Group agreed to buy rival Megatech Industries AG, gaining greater heft with major European automakers at a time when many suppliers are struggling.
The deal will nearly double Sapa's revenue to as much as €700 million ($728 million), and expand ties between the auto-interior supplier and major customers such as Volkswagen AG, BMW AG and Stellantis NV, it said in a statement. Terms weren't disclosed.
