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Frauenthal Holding AG — M&A Activity 2013
Feb 25, 2013
776_iss_2013-02-25_0457c94a-4ab7-474a-949b-c2c673ca8d6a.pdf
M&A Activity
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Stock exchange announcement pursuant to section 48d(1) Stock Exchange Act
Frauenthal Holding AG in talks on acquisition of Swedish automotive component supplier
Vienna, 25 February 2013 – Vienna Stock Exchange listed Frauenthal Holding AG announces that its Executive Board today opened talks on the acquisition of Gnotec AB, a Swedish manufacturer of metal components for automotive and other industrial customers. Gnotec AB has sites in Sweden and Slovakia. The company posted revenue of almost EUR 80 million in 2012.
The acquisition would be a good fit for the Frauenthal Automotive Division's product portfolio, and would extend its presence on the Swedish automotive component market.
Contacts:
Martin Sailer [email protected]
Erika Hochrieser [email protected]
Frauenthal Holding AG Rooseveltplatz 10 1090 Vienna Tel: +43 (0)1 5054206