EQS-News: Stabilus SE concludes acquisition of DESTACO
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Wednesday, April 10, 2024
Koblenz, April 1, 2024 – Stabilus SE (WKN: STAB1L, ISIN: DE000STAB1L8), one of the world's leading suppliers of motion control solutions for a wide range of industries, today announced the closing of the signed acquisition of DESTACO of October 2023, effective Mach 31, 2024.
Key Points:
- Koblenz, April 1, 2024 – Stabilus SE (WKN: STAB1L, ISIN: DE000STAB1L8), one of the world's leading suppliers of motion control solutions for a wide range of industries, today announced the closing of the signed acquisition of DESTACO of October 2023, effective Mach 31, 2024.
- Michael Büchsner, CEO of Stabilus, said: "We are delighted to welcome DESTACO and its employees under the Stabilus umbrella.
- Industrial automation is one of the megatrends of our time, and with DESTACO we are significantly expanding our offering in this sector.
- Stefan Bauerreis, CFO of Stabilus, commented: "The closed acquisition and the resulting initial consolidation as of March 31, 2024 is an important milestone for us in the expansion of our industrial business.