Carcoustics Overview
Company Headquarters: Germany
Founded: 2001
Workforce: ~2,600
Company Working: Carcoustics specializes in the design and manufacture of acoustic and thermodynamic solutions. In September 2016, the company was acquired by Liaoning Dare Industrial Company Ltd, a long-term strategic investor and solution provider to the automotive industry. Carcoustics provides solutions for industrial applications and commercial vehicles. The major customers of the company are General Motors, BAIC Group, Iveco, Nissan, and SAIC Group. Carcoustics has production facilities in Germany, Spain, Belgium, Austria, Slovakia, the US, Mexico, and China. The company’s revenue was approximately USD 361.5 million in 2017. Carcoustics, was acquired by Dare Group in the year 2016. Dare Group is a long-term strategic investor. With the existing executive board Dare Group is seeking to support Carcoustics’ expansion in China also worldwide.
Strategy
Carcoustics focuses on increasing investment in R&D to enhance its capabilities. It also focuses on expanding its market presence through partnerships with automotive OEMs across the globe. It aims at developing quality products at competitive prices. The company is continuously investing in enhancing its worldwide production. For instance, in 2017, the company invested approximately USD 6 million in a production facility in Buford, Georgia. With the increased production, the company is also expected to create approximately 200 jobs and over the next five years. The company also focuses on strengthening its international logistic/ transportation connection so that it can effectively cater to the demand.
