Hutchinson reached an agreement to acquire Midé Technology Corporation, an engineering company specializing in smart material technology and mechatronics.
The company, based in Medford, MA (USA) and employing around 50 people will enhance and accelerate Hutchinson's expertise in high value content solutions.
The acquisition is subject to clearance from relevant authorities in the USA.
Hutchinson designs and produces customized materials and connected solutions to respond to the needs of its global customers, on land, in the air and at sea. A global leader in vibration control, fluid management and sealing system technologies, our Group stands out with a multiple market offering spanning multiple areas of expertise and delivering synergies and value-added. Hutchinson reported revenues of €4.1 billion in 2017 and has 42,000 employees in 24 countries. Our ambition is to contribute to safer, more efficient and more responsible mobility for the future.