AURELIUS subsidiary Schabmüller purchases AC motor operations from Sauer Danfoss

09.12.2008

AURELIUS subsidiary Schabmüller purchases AC motor operations from Sauer Danfoss

  • Takeover as of 1 January 2009
  • Revenue growth of around EUR 25 million
  • New jobs created at Berching and Asch sites

Munich-based industrial holding AURELIUS is taking over AC motor operations from the American Sauer Danfoss Group via its subsidiary Schabmüller as of 1 January 2009. After already acquiring DC motor operations from Sauer Danfoss in March 2007, which became the subsidiary Schabmüller, AURELIUS has now added the AC motor operations. As part of the takeover, production is to be transferred from Odense in Denmark to the Berching and Asch sites.

Dr. Dirk Markus, CEO of AURELIUS, views the transaction as an important milestone: “Great progress has been made over the last 18 months after the realignment of Schabmüller. The company is on a growth track and is now even creating new jobs in Germany again.”

Schabmüller Group revenue is to increase from just under EUR 40 million to in excess of EUR 60 million as a result of the acquisition. In addition, the production capacity at both Berching and Asch is set to double to more than 200,000 electric motors every year. Although AC technology currently only accounts for around ten percent of Schabmüller revenue, in the coming year it will generate about half of the subsidiary’s revenue.

The company’s products are primarily used in fork-lifts, yachts as well as in generators and components for hybrid systems. With this acquisition, Schabmüller Group is both growing in the AC motors market, a market that is becoming increasingly important, and boosting its competitive position as a technology innovator, particularly against competitors based in countries with low labor costs. On top of current customer projects, the company is also taking over production machines, for instance stator winding lines, which are ideally suited for producing the newly designed generation of motors for hybrid projects. In cooperation with development partners, this move allows the company to secure a leading role in the markets of tomorrow.

Contact:

AURELIUS AGInvestor Relations & Corporate CommunicationsTel +49 (89) 544799 - 56Fax +49 (89) 544799 - 55investor@aureliusinvest.de