Key Takeaways New business wins and diversification into high-growth markets, like electric vehicles, are strengthening revenue potential and reducing exposure to industry cycles. Operational efficiency improvements and strategic deleveraging are enhancing profitability, financial flexibility, and capacity for future investment.Read more
Commercial Vehicle Group, Inc., together its subsidiaries, provides systems, assemblies, and components to the vehicle market and electric vehicle markets; and manufactures customized products in the United States, Mexico, China, the United Kingdom, the Czech Republic, Ukraine, Morocco, Thailand, India, Australia, and internationally. The company operates in three segments: Vehicle Solutions, Electrical Systems, and Aftermarket & Accessories. The Vehicle Solutions segment designs, manufactures, and sells vehicle seats for the vehicle markets, including heavy duty trucks, medium duty trucks, last mile delivery trucks and vans, and construction and agriculture equipment; and plastic and trim components for vehicle markets, medium duty or heavy duty truck markets, and power sports markets. The Electrical Systems segment designs, manufactures, and sells cable and harness assemblies for high and low voltage applications, control boxes, and dashboard assemblies; and markets products for the construction, agricultural, industrial, automotive, truck, mining, rail, marine, power generation, and military/defense industries. The Aftermarket & Accessories segment designs, manufactures, and sells seats and components to the vehicle channels, including original equipment service centers and retail distributors; vehicle accessories, including wipers, mirrors, sensors, and repair products; and office seats and home office furniture. In addition, the company sells its products under the AdvancTEK, KAB Seating, National Seating, Bostrom Seating, Stratos, Moto Mirror, Sprague Devices, and RoadWatch brand names. The company was incorporated in 2000 and is headquartered in New Albany, Ohio.
