Hungarian thyssenkrupp acquires Ib Andresen Industri
Hungarian thyssenkrupp Ferroglobus Kereskedelmi Zrt. acquired Győr-based Ib Andresen Industri Magyarország Kft. in its entirety through its own resources, taking over leadership on February 29, according to a press release issued today. The Hungarian Competition Authority (GVH) approved the transaction.
As a result of the acquisition, the company expects to further strengthen its automotive supplier position in the region by expanding its portfolio of manufactured products.
The new company will operate under the name Materials Processing Hungary Kft., with an annual capacity of approximately 200,000 tons.
“The Hungarian automotive supplier sector is facing serious growth, and our sales network and product and services portfolio is perfectly suited to meet demands raised by this growth,” Zoltán Petró, CEO of thyssenkrupp, said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.