Frauenthal signs agreement to acquire Mahle Motorkomponenten GmbH
Vienna, 30.January 2017
- Entry into power train segment
- Expansion of passenger vehicle business
- Transaction expected to be completed in the first quarter of 2017
Today the Frauenthal Group signed agreements for the full acquisition of Germany-based Mahle Motorkomponenten GmbH from Mahle GmbH. Mahle Motorkomponenten GmbH is the European technology leader in the development and production of connecting rods and camshafts for the passenger-vehicle and commercial-vehicle industries. The company has a total of 640 employees at two sites, in Plettenberg (North Rhine-Westphalia) and Rosswein (Saxony), and generated revenue of around EUR 125 million last year. The price was not disclosed.
Possible delisting of Frauenthal Holding AG by means of a merger with an unlisted subsidiary (Aktiengesellschaft)
The Executive and Supervisory Boards of Frauenthal Holding AG (Frauenthal) today decided to begin preparations for the delisting of Frauenthal Holding AG shares (ISIN: AT0000762406) by means of a reorganisation (merger into a fully-owned subsidiary established as an Aktiengesellschaft, or public limited company) in accordance with the conditions specified below.
Delisting would be advantageous for the company for a number of reasons – in addition to substantial cost savings (owing to the removal of reporting and disclosure obligations and organisational requirements), this would also help to avoid the disadvantages as against unlisted competitors resulting from disclosure obligations.