MBtech Group Acquires Autodie International

Grand Rapids-based die maker to be Called MBtech Autodie LLC

GRAND RAPIDS, Mich., Nov. 10 -- MBtech Group, a leading global automotive engineering and consulting service provider, announced today that it has acquired the business of Autodie International Inc. Autodie was founded in 1962 and is one of the top die manufacturers in the United States. In future the company will operate under the name MBtech Autodie LLC.

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MBtech Autodie will continue to specialize in die manufacturing for automotive applications. With this acquisition, the MBtech Group consequently expands its current product portfolio further along the automotive value chain. MBtech Autodie will continue its work with U.S. carmakers as well as seeking additional OEM and Tier One customers in North America. By acquiring Autodie MBtech Group increases its North American Revenue to 20%.

Information on MBtech Group

The MBtech Group is a leading international automotive engineering and consulting company, operating worldwide.

The MBtech Group offers strategic alliances and integrated expertise spanning every aspect of the product development process and product life cycle. The company provides products and services bundled as four segments: MBtech vehicle engineering, MBtech power train solutions, MBtech electronics solutions and MBtech consulting.

The MBtech Group develops, integrates, and tests components, systems, modules and vehicles. In the center are customer-oriented services in combination with engineering, consulting, operations, and qualification. Interdisciplinary and flexible project teams work in close cooperation with customers, suppliers, and cooperation partners.

In 2005, the MBtech Group generated revenues of $241 million with 1,850 employees worldwide.

More information: www.mbtech-group.com