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Stabilus S.A. drives forward motion control digitalization strategy and enters into partnership with technology company Synapticon

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DGAP-News: Stabilus S.A. / Key word(s): Investment/Alliance
07.10.2021 / 10:00
The issuer is solely responsible for the content of this announcement.

CORPORATE NEWS

Stabilus S.A. drives forward motion control digitalization strategy and enters into partnership with technology company Synapticon

Luxemburg/Koblenz, October 7, 2021 - Stabilus S.A. (ISIN: LU1066226637), one of the world's leading suppliers of motion control solutions for a wide range of industries, has entered into a partnership with Synapticon GmbH ("Synapticon") as part of its digitalization strategy. In the context of this strategic partnership, Stabilus subscribed a minority stake in Synapticon via a capital increase. The transaction is expected to be completed in October 2021. The parties have agreed not to disclose further financial details of the transaction.

Synapticon is a technology company headquartered in Schönaich, Germany. Founded in 2012, today it also has branches in the USA and China. The company specializes in the development of highly compact, high-performance motion control electronics. The products utilize Synapticon's elaborate proprietary software technology and microchips. The funds provided by Stabilus in connection with the capital increase will allow Synapticon to further develop its product range and grow its operations. The partnership enables Stabilus to expand its digital competence, which offers significant opportunities especially for its POWERISE(R) product line.

Dr. Michael Büchsner, CEO of Stabilus, said: "Digitalization is one of the clear growth drivers of our business. Our motion control solutions of the future will be smarter, provide a higher degree of connectivity and interact with the environment via state-of-the-art sensors. As a result, the range of applications in both the industrial and automotive sectors will be enlarged considerably. The partnership with Synapticon will help us make a significant step towards reaching this goal. Alongside organic growth, strategic investments and acquisitions are an integral part of our corporate strategy. We continuously monitor the market for potential acquisitions that have the potential to extend our product portfolio, expand our geographical coverage and strengthen our existing competencies."

Investor contact:
Andreas Schröder
Tel.: +352 286 770 21
E-Mail: anschroeder@stabilus.com

Press contact:
Peter Steiner
Tel.: +49 69 794090 27
E-Mail: stabilus@charlesbarker.de
Charles Barker Corporate Communications

About Stabilus
Stabilus is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries including mobility, health, recreation, furniture, energy, construction, industrial machinery and automation. With more than eight decades of demonstrated expertise, Stabilus offers reliable and innovative motion control solutions that enable, enhance and automate opening, closing, lifting, lowering and adjusting actions. The company's customized damping and vibration isolation technology protects against shocks, vibrations and noise.
Employing a workforce of more than six thousand worldwide, the company has its operational headquarters in Koblenz, Germany. In the 2020 fiscal year, Stabilus has reported revenues of EUR 822.1 million. Stabilus has a global production network encompassing plants in eleven countries. Additionally, the Group maintains regional offices and relations to sales partners in over fifty countries in Europe, North and South America, as well as in Asia-Pacific. Stabilus S.A. is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the SDAX index. www.stabilus.com

 

About Synapticon
Synapticon, headquartered in Schönaich near Stuttgart, Germany, with subsidiaries in Shanghai and Redwood City (Silicon Valley), develops and produces innovative software and hardware for sophisticated motion control in robotics and mechanical engineering.

The company miniaturizes high-performance drive technology and integrates formerly discrete components into highly compact electronic products for distributed motion control. Synapticon's technology replaces factors such as quality, smoothness and precision traditionally realized through mechanical value creation with algorithms, powerful processors and power electronics as well as easy-to-use intelligent tools. This digitalization at the point of motion allows a substantial increase in performance, cost reduction and reduces the development complexity for automation products.

Many of the most innovative manufacturers of robots, automation components and machines use Synapticon to realize better products faster and achieve their most ambitious goals with a reliable and energetic supportive partner.
www.synapticon.com

 

Important Notice
This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.


07.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Stabilus S.A.

2, rue Albert Borschette

L-1246 Luxembourg

Luxemburg

Phone:

+352 286 770 1

Fax:

+352 286 770 99

E-mail:

info.lu@stabilus.com

Internet:

www.stabilus.com

ISIN:

LU1066226637

WKN:

A113Q5

Indices:

SDAX

Listed:

Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1238924


 

End of News

DGAP News Service

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