DGAP-News: Adler Pelzer Holding GmbH / Key word(s): Acquisition/Mergers & Acquisitions
Hagen, Germany, 30th October 2020
Adler Pelzer Group purchases the Acoustic Division of STS Group
Adler Plastic and Adler Pelzer Group officially announce the purchase of the Acoustic Division of STS Group with effect date of 1st of November, having received the green light of Antitrust authorities and other closing conditions.
The Group focuses on its core competences of automotive acoustics and takes an active role in the needed consolidation of the supplier market, enhanced by the COVID-19 pandemic consequences.
The acquired Acoustics business segment consists of five plants, located in Brazil, Italy and Poland. The business consists in the development and production of integrated acoustic and thermal systems and generated in 2019 sales of 112 M€.
This acquisition marks an important milestone in the history of APG, allowing the reinforcement of its presence in the heavy trucks, commercial vehicle and passenger car, the continuation of a sustainable development of all activities in a strategic interest, as well as in the area of a profound expertise of the Acoustics business and of the European market. With respect to the continued uncertainty of the market, headquarter and manufacturing synergies will be carefully studied and developed on a short term basis in order to make sure that customers can count on a long term efficient and reliable supply.
"We are very proud of this market strengthening transaction, which enhances the position of the Adler Group and its subsidiaries in the Acoustics segment for automotive and commercial vehicle customers and paves the way for further development and management synergies," say Paolo Scudieri, Chairman of the Management Board of Adler Group, and Pietro Lardini, CEO of the Adler Pelzer Group.
Adler Pelzer Group Investor Relations: Silvia Miglio, email@example.com
ABOUT ADLER PELZER GROUP
This press release constitutes a public disclosure of inside information by Pietro Lardini, Chief Executive Officer, on behalf of Adler Pelzer Holding GmbH, under Regulation (EU) 596/2014 of 16 April 2014.
02.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Adler Pelzer Holding GmbH
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+49 2331 6978 0
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