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Stabilus invests in the growth of Hahn Gasfedern
Acquisition of an additional production and administration building in the immediate vicinity of Hahn Gasfedern's headquarters.
New property will create available space for an increase in production capacity in Aichwald by around 50 percent as of January 1, 2019
Luxembourg/Aichwald, May 7, 2018 - Stabilus S.A., a global market-leading manufacturer of gas springs, dampers and electromechanical drives, is making targeted investments in the growth of its subsidiary Hahn Gasfedern GmbH in Aichwald, Baden-Württemberg. Hahn Gasfedern, a pioneer in gas spring technology, produces innovative gas pressure springs, gas tension springs, lockable gas springs, double-stroke gas springs and oil brakes for demanding industrial applications at its Aichwald site with 250 employees.
Stabilus acquired the company Hahn Gasfedern in 2016. Hahn Gasfedern, a company that has been growing successfully for many years, has since experienced an additional significant growth spurt. In order to meet the increasing demand for industrial gas springs (products in the Industrial/Capital Goods segment) in the future, Stabilus has acquired a property in the immediate vicinity of Hahn Gasfedern's headquarters. The property with a usable area of almost 3,500 square meters can be used from the beginning of 2019. The new production and administration space will provide Hahn Gasfedern with room to increase its production capacity by around 50 percent.
Dietmar Siemssen, CEO of Stabilus, said: "Hahn Gasfedern is a top company with innovative products that are convincing in the market. The expansion investment now being made at Hahn Gasfedern in new production and administration space creates the basis for further growth. The drivers of this growth are the joint research, technology and development activities, the exchange of know-how, the joint opening up of new markets and the development of new solutions in the industrial sector."
Michael Demuth, Managing Director of Hahn Gasfedern GmbH, emphasized: "Under the umbrella of the global industry leader Stabilus, new markets and major growth opportunities have opened up for us, which we are consistently tapping into. As a result, our need for skilled workers and production capacity continues to increase. With the acquisition of the property, we have secured space to continue our dynamic growth story into the future."
About Stabilus
As a leading global supplier of gas springs, dampers and electromechanical drives, Stabilus has been demonstrating its expertise in the automotive industry and many other sectors for eight decades. With gas springs, dampers and electromechanical POWERISE drives, Stabilus optimizes opening, closing, lifting, lowering and adjustment and offers protection against oscillations and vibrations. The company has its headquarters in Koblenz and employs more than six thousand people worldwide. In the 2017 fiscal year, Stabilus generated sales of EUR 910.0 million. Stabilus has a global production network in nine countries. Through regional offices and sales partners, Stabilus is also represented in more than fifty countries in Europe, North, Central and South America as well as in the Asia-Pacific region. Stabilus S.A. is listed in the Prime Standard segment of the German Stock Exchange and is represented in the SDAX index.
Important notice
This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other currently available information. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual results, financial situation, development or performance of the company and the estimates given here.