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H-VMI acquires JOKON in Germany


VMI acquires Jokon in GermanyH-VMI's strategy is to make VMI grow organically and externally. With the acquisition of JOKON in Germany, there are no immediate synergies to see but on the mid and long term, both companies are expected to be very complementary: JOKON with its lighting expertise that includes the most recent LED technologies and VMI for mass production according to automotive standards. On the short term, H-VMI consolidates its structure balancing the still recent VMI activity and the mature JOKON. In total, H-VMI expects to generate between 25MEUR and 30MEUR of sales with the combination of both its affiliates.