Almost two years after becoming a strategic partner, the Spanish multinational automotive group Gonvarri has acquired almost 100 per cent of the Slovenian automotive supplier Hidra.
Gonvarri increased its stake from 42 per cent to 94.51 per cent, i.e. 100 per cent of the voting rights, after all major shareholders decided to sell. The takeover was announced on 5 June 2024.
Hidria is based in Idrija in western Slovenia and has a number of production facilities at home and abroad, including in Hungary, China and Germany. The company employs 2,000 people and achieved a turnover of over 400 million euros last year, having recently undergone extensive restructuring.
The acquisition brings strategic competitive advantages such as access to global customers, key strategic materials and components as well as financial strength for global expansion, economies of scale and AI-powered automation, robotization and digitalization, the company said.
Gonvarri sees Hidria as a core part of its portfolio, which focuses on electromobility, among other things. According to the press release, Gonvarri intends to further develop Hidria in Slovenia and abroad, and the company will remain based in Slovenia.
