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.
The acquisition marks a significant step in the expansion of Frauenthal’s Automotive Division, with a view to creating a strategic player that offers attractive niche products. The transaction will considerably increase the proportion of Frauenthal Automotive’s business attributable to passenger-vehicle customers.
Conclusion of the transaction is expected in the first quarter of 2017, subject to approval by the competition authorities.
Frauenthal Holding AG
Dr. Martin Sailer
Mag. Erika Hochrieser
Tel. +43 (0)1 505 42 06
ISINs: AT0000762406 (ordinary shares)