LISI (EPA:FII) - LISI AUTOMOTIVE, a subsidiary of LISI Group, continues its development with the acquisition of the assets of the American company Hi-Vol Products

Transparency directive : regulatory news

13/09/2018 19:20

LISI AUTOMOTIVE, a subsidiary of LISI Group, continues its development with
the acquisition of the assets of the American company Hi-Vol Products

LISI Group (Euronext Paris ISIN code FR0000050353 - FII) announces the signing
of an agreement with ARCH Global Precision LLC for the acquisition of 100% of
the assets of Hi- Vol Products LLC, a leading US manufacturer of mechanical
safety components for the automotive industry with a recognized specialty in
brake system fitting screws and components for direct injection petrol
engines.

Established in 1951, Hi-Vol Products has experienced significant growth in
recent years by developing stainless steel distribution components for the new
generation of direct injection gasoline engines. It now has two production
sites in Livonia (Michigan, USA) with strong skills in cold forging, machining
and high speed automatic control. With approximately 130 employees, it achieved
a turnover of nearly 40 million dollars in 2017.

"With Hi-Vol Products, LISI AUTOMOTIVE strengthens its global position in
mechanical safety components. The two Livonia sites will reinforce the LISI
AUTOMOTIVE Safety Mechanical Components Business Group, already present in
Europe, China and Mexico. This acquisition will allow us to accelerate our
development in the United States and benefit from a strong technical base in
North America, "said François LIOTARD, CEO of LISI AUTOMOTIVE.

This operation remains subject to the realization of the usual closing
conditions. It should be finalized by the end of September. The assets of
Hi-Vol Products LLC will be incorporated into LISI AUTOMOTIVE Hi-Vol
established in the United States.

Contact
Emmanuel VIELLARD
Phone : +33 3 84 57 00 77
Email : emmanuel.viellard@lisi-group.com
Web site : www.lisi-group.com

LISI shares are listed on Euronext, Compartment A and belong to the following
indices: CAC(r) AERO & DEF., CAC(r) All Shares and CAC(r) Industrials,under the
ISIN code: FR 0000050353. LISI is a world leading manufacturer of fasteners and
assembly components for the Aerospace, Automotive and medical implants
industries.

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LISI (EPA:FII) - LISI AUTOMOTIVE, a subsidiary of LISI Group, continues its development with the acquisition of the assets of the American company Hi-Vol Products

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