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PE firm Mutares to acquire stake in cable harnesses supplier Plati

German private equity firm Mutares AG agreed to acquire an 80% stake in cable harnesses supplier Plati Elettroforniture SpA from China's Deren Group, a manufacturer of wire harness and electronic components.

Financial terms of the deal, which is expected to be closed by June, were not disclosed.

Mutares hopes to expand its automotive and mobility portfolio with this acquisition, according to a release.