The listed voestalpine Group has concluded another acquisition in its automotive sector Division Automotive. Following last Friday's announcement of the purchase of German precision parts manufacturer HTI (Rhineland Palatinate), the Division's lead company voestalpine Automotive gmbh & co kg has now concluded a contract for 100% acquisition of the companies Vollmer Metallwaren GmbH in Nagold and Vollmer GmbH in Pfaffenhofen-Weiler. At its two sites near Stuttgart the company has around 140 employees and achieves an annual turnover of more than EUR 30 million. The acquisition will take place subject to approval by the competition authorities.

Vollmer is a series supplier of complex, innovative stamping parts and components. The services offered by both sites cover the entire value chain and range from engineering, tool-making and prototype construction to series production.

Initial consolidation of the acquired company will take place at the beginning of the coming 2005/06 business year; that is on 1 April 2005.

23 February 2005