Chinese CTI Group acquires 90 percent of imat-uve

Strategic partnership reinforces global growth

CTI Germany Holding GmbH  Co. KG, a wholly owned subsidiary of Chinese leading TIC service provider Centre Testing International Group Co., Ltd. (CTI), officially announced the completion of the merger with German automotive service provider imat-uve group GmbH. CTI Germany from now on holds 90 percent of the imat-uve shares. The remaining 10 percent remain with one of the existing shareholders, Hans-Willi Müller, who will continue to manage the business.

The transaction marks a strategy step for CTI in the automotive testing service segment, strengthening CTI’s position in the automotive industry both domestically and abroad, driving continued growth and ensuring long term job creation for both companies.

• Press release_Chinese CTI Group acquires 90 percent of German engineering service provider imat-uve
• Download press photo Richard Shentu (CTI, left) Hans-Willi Müller (imat-uve gmbh, right)

Media inquiries to Henning Wahl.