EQS-News: AEQUITA SE & Co. KGaA: AEQUITA acquires Brake Components business from Bosch

Issuer: AEQUITA SE & Co. KGaA / Key word(s): Mergers & Acquisitions/Investment
AEQUITA acquires Brake Components business from Bosch

07.02.2024 / 10:15 CET/CEST
The issuer is solely responsible for the content of this announcement.

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AEQUITA acquires Brake Components business from Bosch

AEQUITA SE & Co. KGaA, an industrial group headquartered in Munich, Germany, entered into a definitive agreement to acquire the Brake Components business, comprising Buderus Guss GmbH and Robert Bosch Lollar Guss GmbH, from Robert Bosch GmbH. Building on more than 100 years of foundry heritage and around 900 employees across its three sites in Germany, the Brake Components business focuses on the manufacturing of coated high-performance brake discs for leading international OEMs.

"We have selected AEQUITA based on their holistic concept, which can ensure the Brake Components' sustainable future," explained Götz Nigge, CFO Bosch Automotive Steering & Chassis Control Systems. Considering limited synergies with its existing business, Bosch decided to sell the Brake Components business.

"We are very proud that Bosch chose AEQUITA as the new owner for its Brake Components business," said Christoph Himmel, Managing Partner of AEQUITA. "The business presents a great addition to our automotive division now generating revenues in excess of EUR 2.5 billion. Building on the know-how of the business' skilled and experienced employees, we aim to transform the business into a leading brake disc manufacturer, which is prepared for the ongoing trend towards decarbonization within the industry, both from a production and product perspective."

"AEQUITA's thorough concept, including its planned investments in the foundry in Breidenbach as well as in innovative coating technology in Lollar, aims at shaping the companies' path towards decarbonization and low emission brake discs. A very positive signal - not only for our customers," explained Christoff Wachendorff, Head of Brake Components.

The transaction is expected to be completed in the second quarter of 2024, subject to approval by the relevant authorities. The financial details of the agreement are not being disclosed.

About AEQUITA

AEQUITA is a Munich-based industrial group investing in special situations, including corporate carve-outs, successions, and transformational situations across Europe. Its current portfolio generates more than EUR 3 billion in revenues. With a strong capital base, entrepreneurial expertise, and a partnership approach, AEQUITA focuses on the acquisition and long-term value enhancement of companies that can benefit from its operational engagement. Find out more: www.aequita.com.

For further information please contact:

Simon Schulz
Partner

AEQUITA SE & Co. KGaA
Gabrielenstr. 9, 80636 Munich
T. [phone]
E. [e-mail]

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Language:	English
Company:	AEQUITA SE & Co. KGaA
	Gabrielenstr. 9
	80636 München
	Germany
Internet:	www.aequita.com
EQS News ID:	1832345

End of News	EQS News Service

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