DGAP-News: Stabilus S.A.
/ Key word(s): Investment/Alliance
CORPORATE NEWS Stabilus S.A. drives forward motion control digitalization strategy and enters into partnership with technology company Synapticon Luxemburg/Koblenz, October 7, 2021 - Stabilus S.A. (ISIN: LU1066226637), one of the world's leading suppliers of motion control solutions for a wide range of industries, has entered into a partnership with Synapticon GmbH ("Synapticon") as part of its digitalization strategy. In the context of this strategic partnership, Stabilus subscribed a minority stake in Synapticon via a capital increase. The transaction is expected to be completed in October 2021. The parties have agreed not to disclose further financial details of the transaction. Synapticon is a technology company headquartered in Schönaich, Germany. Founded in 2012, today it also has branches in the USA and China. The company specializes in the development of highly compact, high-performance motion control electronics. The products utilize Synapticon's elaborate proprietary software technology and microchips. The funds provided by Stabilus in connection with the capital increase will allow Synapticon to further develop its product range and grow its operations. The partnership enables Stabilus to expand its digital competence, which offers significant opportunities especially for its POWERISE(R) product line. Dr. Michael Büchsner, CEO of Stabilus, said: "Digitalization is one of the clear growth drivers of our business. Our motion control solutions of the future will be smarter, provide a higher degree of connectivity and interact with the environment via state-of-the-art sensors. As a result, the range of applications in both the industrial and automotive sectors will be enlarged considerably. The partnership with Synapticon will help us make a significant step towards reaching this goal. Alongside organic growth, strategic investments and acquisitions are an integral part of our corporate strategy. We continuously monitor the market for potential acquisitions that have the potential to extend our product portfolio, expand our geographical coverage and strengthen our existing competencies." Investor contact: Press contact: About Stabilus
About Synapticon The company miniaturizes high-performance drive technology and integrates formerly discrete components into highly compact electronic products for distributed motion control. Synapticon's technology replaces factors such as quality, smoothness and precision traditionally realized through mechanical value creation with algorithms, powerful processors and power electronics as well as easy-to-use intelligent tools. This digitalization at the point of motion allows a substantial increase in performance, cost reduction and reduces the development complexity for automation products. Many of the most innovative manufacturers of robots, automation components and machines use Synapticon to realize better products faster and achieve their most ambitious goals with a reliable and energetic supportive partner.
Important Notice
07.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Stabilus S.A. |
2, rue Albert Borschette | |
L-1246 Luxembourg | |
Luxemburg | |
Phone: | +352 286 770 1 |
Fax: | +352 286 770 99 |
E-mail: | info.lu@stabilus.com |
Internet: | www.stabilus.com |
ISIN: | LU1066226637 |
WKN: | A113Q5 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1238924 |
End of News | DGAP News Service |
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1238924 07.10.2021
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