KW Automotive has bought the damping technology business of AL-KO Vehicle Technology.
The unit has 250 workers at two factories in Spain and China making commercial vehicle shock absorbers.
Go deeper with GlobalData
KW is based in Germany.
“This transaction offers the opportunity for a technological leap forward, from which our AL-KO product segments will also benefit, said Harald Hiller, president and CEO.
The selling company would focus on its core business, the development and production of chassis and suspension components for trailers, recreational vehicles, light commercial vehicles and “new mobility solutions”.
KW specialises in suspension products for road and motorsport use and gains new factories in Europe and China, as well as commercial vehicle expertise.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAL-KO last month bought alloy wheel maker BBS, adding 260 workers and, in January, acquired Reiger Suspension, an off-road racing damper manufacturer.
Financial details were not available.
