KW Automotive has acquired the damping engineering enterprise of AL-KO Motor vehicle Technology.
The device has 250 workers at two factories in Spain and China making business auto shock absorbers.
KW is based in Germany.
“This transaction offers the chance for a technological leap ahead, from which our AL-KO merchandise segments will also reward, stated Harald Hiller, president and CEO.
The marketing organization would target on its core enterprise, the enhancement and manufacturing of chassis and suspension elements for trailers, recreational autos, light-weight business autos and “new mobility solutions”.
KW specialises in suspension merchandise for road and motorsport use and gains new factories in Europe and China, as nicely as business auto expertise.
AL-KO last thirty day period acquired alloy wheel maker BBS, including 260 workers and, in January, acquired Reiger Suspension, an off-road racing damper company.
Monetary aspects had been not offered.