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Cultraro in partnership with Stabilus S.A.

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ROTARY DAMPERS

Cultraro Automazione Engineering S.r.l. expands international market access via partnership with Stabilus S. A.

Italy/Rivoli, November 24, 2021 – Cultraro Automazione Engineering S.r.l. (“Cultraro”) has entered into a partnership with stock-listed Stabilus S.A. (ISIN: LU1066226637), one of the world's leading suppliers of motion control solutions for a wide range of industries. In the context of this strategic partnership, Stabilus S.A. will acquire 32 percent of the shares from the company’s founders. The transaction is expected to be completed in November 2021. The partnership focuses on expanding Cultraro’s international market access. The parties have agreed not to disclose further financial details of the transaction.

Stabilus S.A. 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. Headquartered in Koblenz, Germany, the stock-listed company generated revenues of EUR 937.7 million in fiscal year 2021 (ended Sept 31, 2021), according to preliminary figures. Stabilus has a global production network in Europe, North and South America, as well as in Asia-Pacific, encompassing plants in eleven countries with a total workforce of more than 6.000 employees.

Mr. Paolo Cultraro, CEO of Cultraro, said: “The worldwide footprint of Stabilus will serve as a significant growth driver for our company. Due to their comprehensive customer relationships and distribution channels worldwide Stabilus will offer to Cultraro a great opportunity to expand its market access. As a strong partner in the industrial industry with a solid financial basis, Stabilus will support Cultraro’s growth strategy in terms of business and product development. Together with the dedicated team of Stabilus, we want to realize synergies based on our common approach to innovation as well as through our strong knowledge of automotive interiors kinematics and home appliances applications. We are excited to welcome Stabilus as a new shareholder of this group and look forward to jointly drive our innovation strategy for the benefit of our customers.”

Chief Commercial Officer contact:
Antonio Reddavid
Tel.: +39 335 831 00 92
E-Mail: antonio.reddavid@cultraro.it

Digital Marketing Manager Contact:
Marco Scuero 

Tel.: +39 337 1520960

E-Mail: marco.scuero@cultraro.it

About Cultraro Automazione Engineering

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 2020, the company generated revenues in the low double-digit million euro range. 

www.cultrarogroup.com

LinkedIn post

About Stabilus

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 worldwide, the company has its operational headquarters in Koblenz, Germany. According to preliminary figures, Stabilus has reported revenues of EUR 937.7 million in fiscal year 2021 (ended Sept 31, 2021). 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 S.A. is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the SDAX index. www.stabilus.com

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