Mutares Completes Acquisition of Magna's Car Top Systems Business

Mutares SE & Co. KGaA has finalized the acquisition of Magna's Car Top Systems (CTS) Business, a move that positions CTS as an independent global automotive supplier. With a strong focus on engineering excellence and operational performance, CTS will support long-term customer partnerships within Mutares’ Automotive & Mobility segment.

Specializing in roof and aerodynamic kinematic systems, CTS has 30 years of experience starting as a joint venture between Mercedes-Benz and Porsche. Based in Bietigheim-Bissingen, the company operates globally, generating revenues of approximately EUR 75 million. CTS’s expertise in highly engineered systems complements the HILO Group's focus, enhancing their product portfolio and offering integrated solutions to OEMs.