Frauenthal Automotive extends presence in Sweden with Gnotec’s acquisition of TermoRegulator AB

With effect from 13th October 2014 Gnotec, part of the Frauenthal Automotive Division, will acquire a 100% interest in sheet metal parts producer TermoRegulator, based in Motala, Sweden. The acquisition has been completed following approval by the relevant committees at Frauenthal Holding AG. TermoRegulator has 35 employees and annual revenues of 5 MEUR. The purchase price is approx. 200 TEUR.

“This add-on acquisition is a comparatively small growth step but strategically very interesting. TermoRegulator brings new customers in the non-automotive business, broadens our technological capabilities in surface treatment of sheet metal and with hydraulic oil tanks a product with growth potential.” explains Frauenthal Holding AG Executive Board member Martin Sailer.

“The TermoRegulator acquisition will enable us to leverage synergies with our existing facilities. As part of the group, TermoRegulator will also provide services like surface treatment which are currently supplied externally,” comments Stefan Ottosson, CEO of Frauenthal Automotive’s Gnotec business unit.

TermoRegulator will be affiliated with the Gnotec site in Habo.

 

About the Frauenthal Group

Vienna-listed Frauenthal is a diversified group consisting of two business divisions: Frauenthal Automotive and Frauenthal Trade (SHT Haustechnik AG and ÖAG AG). Frauenthal Automotive is the market and technology leader in the European commercial vehicle industry, as well as a leading development partner. It produces steel springs, air reservoirs, U-bolts, stabilisers, and stamped and welded metal parts, and has 13 plants in nine European countries and China.

 

Contacts

Balloon Communications
Sabine Essl
Tel: +43 (0)664 4337978
E-mail: s.essl@balloon.co.at

Frauenthal Group
Erika Hochrieser
Tel: +43 (0)1 5054206-35
E-mail: e.hochrieser@frauenthal.at

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