Origin advises CMI on the divestment of its TJM automotive aftermarket business

Origin advises listed Australia-based CMI Limited on the divestment of its TJM automotive aftermarket business to Aeroklas, a listed Thai automotive group.

CMI Limited focuses on the design and distribution of electrical components and cables for industrial and mining applications. In the course of a strategic review, the company decided to divest the TJM business.

Aeroklas Co Ltd. is a manufacturer and supplier of automotive products for original equipment and aftermarket customers headquartered in Thailand.