Taurus Group strengthens its automotive division with the purchase of the Syncotech Innovative Solutions production unit

Two years after the entry of Taurus Group into the automotive sector with the acquisition of TAG Automotive, S.L. The company announces the purchase of the production unit of Syncotech Innovative Solutions, which will further strengthen the group’s commitment to the automotive sector.

This new acquisition, formalized on April 11, 2024, strengthens and builds upon the strategic direction set in 2022  when Taurus Group acquired TAG Automotive, a global leader in the production of plastic components for the main international manufacturers such as Seat, Audi, Volkswagen, Nissan, Volvo or Grupo Antolín, among others.

Reindustrialization and expansion of its own production capacity

Based in Santa Perpetua de Mogoda (Barcelona), the new production unit of Synthesis Coating Technologies, S.A. – Syncotech Innovative Solutions, brings a staff of 25 workers to the group. The aforementioned purchase reinforces the company’s reindustrialization project to manufacture part of its products in local and own plants that are now produced by third parties in countries in Asia and Europe, and which is part of the company’s 2020-2025 Strategic Plan with the expansion of its factory production capacity.

A strategic acquisition for TAG Automotive and Taurus Group

According to Albert Lopez, CEO de TAG Automotive, “this acquisition aligns with our strategic goal of becoming the leading manufacturer of small and medium-sized plastic components for the automotive sector. By integrating paint finishes into our portfolio, we are bridging gaps in part typology and finishes, establishing ourselves as the manufacturer with the largest machinery park in Catalonia and one of the leading ones in the Iberian Peninsula.”

This acquisition also supports Taurus Group’s broader innovation and reindustrialization strategy across Europe, focused on Industry 4.0. For the Oliana-based company (Lleida), it represents another key step in diversifying its core businesses, strengthening its expertise, and solidifying its competitive position in Europe.