Sale of Kendrion Automotive Metals to Gnosjö-Gruppen (Sweden)

Kendrion has divested its Automotive Metals activities to Gnosjö-Gruppen Holding AB, a newly formed Swedish investment group, in which the current management participates.

Kendrion Automotive Metals supplies components and systems to car and truck manufacturers. The company has branches in Sweden, Germany, Slovakia and Hong Kong, 700 employees and a turnover of Euro 100 million.

Kendrion N.V. designs, manufacturers and sells high-quality electromagnetic and metal components. It also processes and distributes semi-finished plastics. The company currently has approximately 3,000 employees in 16 countries in Europe, as well as in China and the United States. Kendrion shares are listed on the NYSE Euronext Amsterdam stock exchange.

PhiDelphi acted in this transaction together with Danske Markets as advisors to Kendrion.

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