December 7, 2021 01:00 ET | Source: Feintool International Holding AG Feintool International Holding AG
According to the special announcement of Art. 53 won
Through the acquisition of the European group Kienle + Spiess, Feintool is consolidating its market position as a future technology in the electrification field. Kienle + Spiess provides rotors and stators, which form the core components of electric motors and generators for high-efficiency electric drive. Kienle + Spiess is one of the leading suppliers in this field. Through this acquisition, Feintool is significantly expanding its latest business pillar-electric sheet stamping, and positioning itself as Europe's leading pure electric vehicle (BEV) and hybrid electric vehicle (HEV), industrial drive and renewable energy motor cores One of the manufacturers.
The acquisition agreement for this acquisition was signed on December 6, 2021, and will be completed after obtaining the approval of the relevant regulatory authorities. Feintool will retain all employees and apprentices working in Kienle + Spiess' factories in Germany and Hungary. After the acquisition, their expertise will help strengthen the Feintool Group. Kienle + Spiess expects sales of approximately 190 million euros for the 2021/2022 fiscal year. According to the forecast for 2022, the total turnover of Feintool and Kienle + Spiess will exceed 800 million Swiss francs. For this acquisition, Feintool uses bridge financing, which will be replaced by a capital increase in the first half of 2022. It is estimated that the capital increase of up to 200 million Swiss francs will not only be used to replace bridge financing, but will also finance the further development of Spiess for Kienle +. Artemis Group, Feintool's main shareholder, has agreed to exercise its subscription rights and pledged to increase its capital to the full amount.
Feintool CEO Knut Zimmer talked about the acquisition "We want to further expand our recognized global and technological position. This is why Kienle + Spiess is fully in line with our strategy. In addition to investing in our existing fine blanking and forming business, we have been Extensive investment in electric sheet stamping technology for many years. We also serve the fast-growing electric vehicle market, using rotors and stators as the main drive. Through the acquisition of Kienle + Spiess, we are accelerating our expansion in this business area and significantly broaden us Technical foundation."
"At Kienle + Spiess, we are very pleased to find a mature partner. In addition to providing traditional electronic board stamping, it also has cutting-edge technologies such as adhesive bonding and die-casting, as well as manufacturing technology for fully assembled rotor components. This means For our customers, we are a partner with outstanding expertise in the design, development, prototype and mass production of rotors and stators."
"In the next few years, Feintool's mature fine-blanking and molding technology, used in internal combustion or hybrid engine power systems, will remain an important foundation for the group. The rapid expansion of the electric vehicle market will become Feintool's growth engine, and its driving motors Made of electric sheet metal."
Sumitomo is pleased with the acquisition. Sumitomo Corporation is convinced that Feintool is an excellent choice for the long-term development of Kienle + Spiess. With Feintool's solid entrepreneurial foundation, it provides reliable conditions to ensure access to growth and further expansion.
Gregor Eipert, Kienle + Spiess, Chief Operating Officer and Chief Security Officer talked about the acquisition, "We know that Feintool is a well-known and successful technology leader in the world, and we are delighted to be part of the Feintool Group. In our 85-year history, Kienle + Spiess has always been a leader in the development and manufacturing of core motor components. Together with Feintool, Kienle + Spiess will have the ability to develop further in the electrified age."
The trend of Feintool's electric vehicle strategy towards efficient and sustainable drive systems in various fields is leading to major technological changes. The transition from internal combustion engine drive to pure electric drive is rapidly accelerating globally. Feintool responded to this trend with an offensive of electric drive technology: hybrid and pure electric vehicles are now supplied by Feintool. Fuel cell drive will play a more important role in the future. Feintool's metal bipolar plates have high efficiency and low production costs.
In the industrial sector and in stationary electric drives such as air conditioning/ventilation systems and pumps, new regulations are promoting the development of electric motors with significantly reduced energy consumption. The "Strategy 2030" adopted by the Feintool Group in 2020 takes this change into consideration. In addition to the existing core technology of fine blanking and forming, electric sheet stamping technology and motor rotor and stator manufacturing technology will be further expanded and become further key technical pillars. This strategic goal is based on the acquisition of the company formerly known as Stanz- und Lasertechnik Jessen (Saxony-Anhalt, Germany) in 2018. Feintool System Parts Jessen is profitable and on a growth track, and the integration has been successfully completed. Organic growth is now combined with strategic acquisitions, which will greatly accelerate the strengthening and expansion of the electronic board stamping technology pillar. Kienle + Spiess' outstanding expertise in the motor field, Feintool's years of experience in the automotive field and its global positioning are a perfect strategic fit.
Feintool is an international technology market leader in the fields of fine blanking, formed steel parts and stamped electronic sheet metal products. Cost-effectiveness, superior quality and productivity make these technologies unique.
As a driving force of innovation, Feintool continues to break the boundaries of fine blanking technology and develop smart solutions to meet customer needs. Feintool provides high-performance fine-blanking systems, innovative tools and the most advanced manufacturing processes for all aspects of high-volume sheet metal applications in the automotive industry and other demanding industries.
These processes support trends in the automotive industry. Feintool acts as a project and development partner in the areas of lightweight construction/sustainability, modular changes/platforms, and alternative drive concepts (such as hybrid and electric drives).
The company was founded in 1959 and is headquartered in Lyss, Switzerland. It has production plants and technical centers in Europe, the United States, China and Japan to ensure that it is close to customers. Globally, approximately 2,600 employees and more than 80 trainees are researching new solutions to create key advantages for Feintool customers.
Kienle + Spiess was established in Saxonyheim, Germany in 1935 and has now become an internationally successful company group with approximately 872 employees, including 16 apprentices, and a total production area of approximately 45,000 square meters distributed in three International locations: Saxenheim (Germany), Vaihingen/Enz (DE) and Tokod (H).
Their decades of experience and expertise enable them to provide a wide range of internal production depths when manufacturing high-efficiency rotors and stators, thereby increasing the efficiency of motors and generators. In production, they rely on modern facilities and the concept of zero defects. Their products are used in industrial applications, motor vehicles, pumps, generators and renewable energy systems. Kienle + Spiess components have also contributed to the advancement of electric vehicles. As a partner to customers, Kienle + Spiess aims to play an active role in shaping change and driving innovation. They continue to develop their capabilities throughout the value chain, even beyond cutting electrical steel, stamping stator and rotor laminations, rotor casting, tool design, bonding magnets into rotor pockets, and shaft assembly.
Feintool International Holding AG Industriering 8 3250 Lyss Switzerland
Karin Labhart Tel +41 32 387 51 57 Mobile +41 79 609 22 02 karin.labhart@feintool.com www.feintool.com
The press release can be downloaded from the following link: Press release (PDF)