On 26 May 2023, Fortaco Group Holdco Plc (“Fortaco”) announced that its fully-owned affiliate has signed an agreement on the acquisition of the entire share capital of Walter Mauser GmbH (“MauserCABS”), a high-precision manufacturer of safety cabins operating in international markets. The acquisition has been completed today. MauserCABS will be reported as a part of Fortaco Group as of 6 September 2023.
With this acquisition, Fortaco is broadening its cabin technology offerings in Europe, India, and the US. Fortaco’s strategy is to be together with Buisard, MauserCABS and Tata AutoComp one of the leading strategic partners to the off-highway equipment OEMs.
Fortaco will specify the impact of the acquisition to its financial guidance for 2023 in connection with the publication of the interim review for January-September 2023, expected to be released on or about 30 November 2023. Neither the financial effects of the acquisition nor the purchase price is expected to have a material impact on the value of Fortaco Group Holdco Plc’s bonds.
Fortaco Group Holdco Plc
Board of Directors
Lars Hellberg, President & CEO
+358 40 572 9488