LISI Group will acquire the remaining 49% of Termax LLC equity.

This transaction, initially planned for the first quarter of 2021, makes LISI the sole owner of Termax through its U.S. subsidiary, LISI Holding North America.

“With Termax LLC, LISI Automotive has extended its global footprint in clip-fastening solutions in a lasting manner,” LISI CEO Francois Liotard said. 

“The commercial and industrial synergies between our Clipped Solutions Business Group and Termax will continue to bear fruit.  They will allow us to bring to a wider customer base the best development and production capabilities to offer innovative solutions in the areas of weight reduction, electrification and autonomous vehicle equipment.”

Founded in 1777 in France as a watch movement factory, LISI is a global industrial group specializing in fasteners and assembly solutions for aerospace, automotive and medical industries.  LISI has 11,171 employees in 13 countries over four continents, and reported sales of €1.7 billion (US$1.9b) in 2019.  Web: LISI-Group.com