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Cultraro and Stabilus strengthen partnership, Cultraro becomes part of Stabilus Group

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ROTARY DAMPERS

31-07-2023

Turin - Italy – Cultraro, and Stabilus, a leading provider of innovative motion control solutions, have announced the further strengthening of their partnership today. On July 26, Stabilus acquired additional shares of Cultraro, increasing its ownership stake up to 60%. This follows two successful years of cooperation between the two companies, during which Stabilus already held a participation of 32%. Cultraro thus becomes part of the Stabilus Group and will continue to operate as a standalone Brand under the Stabilus umbrella. Paolo Cultraro will continue to lead the company as CEO, while Stabilus will extend the company’s board of directors with selected representatives. This development paves the way for even greater cooperation and synergy between the two companies, fostering the pursuit of more innovative and ambitious projects.

With Cultraro joining the Stabilus Group, both companies are ready to enhance their collaboration significantly. The combined expertise and resources of the two entities promise to unlock new opportunities and drive growth in the industry. By leveraging each other's strengths, Stabilus and Cultraro are well-positioned to tackle complex challenges and deliver cutting-edge motion control solutions to their customers.

At the heart of this partnership is a commitment to supporting the success of the valued customers. By pooling resources and expertise, the two companies can offer comprehensive combined solutions that address the unique needs of clients across various industries. The shared vision is to become a go-to partner for customers seeking top-notch motion control solutions and services.

Stabilus and Cultraro share a common goal of driving innovation in their respective fields. This synergy will foster an environment of creativity and excellence, empowering teams to develop solutions that are leading in their fields.

The collaborative efforts will enable the Stabilus Group to introduce a broader range of products, to meet ever-changing market demands. The integration will lead to improved efficiency in supply chain operations, as well as streamlined processes, reduced lead times and optimized production capabilities.

Michael Büchsner, CEO of Stabilus, commented: “After two years of successful cooperation between Stabilus and Cultraro, we are excited about this new phase in our partnership with Cultraro. With a shared commitment to innovation and customer success, we are well-prepared to embrace the future and drive solutions that foster positive change.”

Paolo Cultraro, CEO of Cultraro, commented: "We are thrilled to become part of the Stabilus Group. This partnership opens up new horizons for us, and we are excited about the possibilities that lie ahead. Our team remains dedicated to delivering innovative top-quality products while exploring innovative applications and ventures that will shape the future of our industry."

 

For media inquiries, please contact:

Chief Commercial Officer

Antonio Reddavid

Tel.: +39 335 831 00 92

E-Mail: antonio.reddavid@cultraro.it

Digital Marketing Office

Valentina Amprino

E-Mail: valentina.amprino@cultraro.it

About Cultraro Automazione Engineering S.r.l.

Founded in 1997 and based in Rivoli, Italy (near Turin), Cultraro is a world leader in the production of small dampers. With more than 400 employees, Cultraro is represented in the USA, China, India, and Germany via its own locations and through partners. Cultraro’s products – rotary dampers, axial dampers, linear dampers, and push-push latches – are widely used in compact motions control applications. In the Home and Appliances sector, the company e.g. supplies dampers for doors and household appliances such as coffee machines, vacuum cleaners, ovens, refrigerators, and washing machines. In the Electronics and Tools sector, the offering comprises, among others, dampers for robotics, desk sockets, electric drills, and lawnmowers. In the Automotive sector, the company supplies dampers for example for fuel doors, charging doors of electric vehicles, trunk and door handles, grab handles, cup and tablet holders, center consoles and armrests, glove and storage compartments. And in the Services sector, the company provides dampers e.g. for vending machines, displays, and ATM devices. In 2022, the company generated revenues in the low double-digit million Euro range. www.cultrarogroup.com

 

About Stabilus SE

Stabilus is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries including mobility, health, recreation, furniture, energy, construction, industrial machinery and automation. With more than eight decades of demonstrated expertise, Stabilus offers reliable and innovative motion control solutions that enable, enhance and automate opening, closing, lifting, lowering and adjusting actions. The company's customized damping and vibration isolation technology protects against shocks, vibrations and noise. Employing a workforce of more than six thousand in eleven countries worldwide, the company has its operational headquarters in Koblenz, Germany and has reported revenue of €1.1 billion in fiscal year 2022. Stabilus has a global production network encompassing plants in eleven countries. Additionally, the Group maintains regional offices and relations to sales partners in over fifty countries in Europe, North and South America, as well as in Asia-Pacific. Stabilus SE is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the MDAX index.

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