Deal Details

Sale to GKN plc

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Summary

About

Stromag Holding GmbH (“Stromag”), a privately held company whose principal shareholders include Equita GmbH & Co. Holding KGaA (“EQUITA”) and Stromag management, recently completed its sale to GKN plc (“GKN”) (LSE: GKN) at a transaction value of approximately €200 million.

Stromag is a market leading supplier of engineered industrial power management components. The Company’s core products include hydraulic clutches, electro-magnetic brakes and flexible couplings. The business is headquartered in Unna, Germany and has manufacturing operations in Germany, France, USA, Brazil, India and China. Stromag has approximately 850 employees.

GKN is a global engineering group operating in four business sectors: Automotive, Powder Metallurgy, Land Systems and Aerospace. With more than 130 sites in over 30 countries GKN has a global presence and has market leading positions in a number of product areas.

EQUITA is an independent investment holding company headquartered in Bad Homburg, Germany, which invests in medium-sized enterprises in German-speaking countries. EQUITA has no limitation on its investment period, enabling it to invest in companies for the long term. Since its founding in 1992, EQUITA has acquired 28 companies.

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