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.

 

 

Contact:

Frauenthal Holding AG

Dr. Martin Sailer
m.sailer@frauenthal.at

Mag. Erika Hochrieser
e.hochrieser@frauenthal.at

Rooseveltplatz 10
1090 Wien
Tel. +43 (0)1 505 42 06
www.frauenthal.at

ISINs: AT0000762406 (ordinary shares)

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