– Voltaira Group aims to become a major global systems supplier in the mobility market segment

– This acquisition further strengthens Voltaira Group’s existing electrification portfolio

– Auto-Kabel benefits from Voltaira Group’s financial strength and its global network in e-mobility

– The merger is expected to deliver unique value to mobility customers through a comprehensive product portfolio, extended internal value chain and enhanced synergies

11 July 2024 I Reutlingen, Germany

Voltaira Group today announced the acquisition of the globally operating Auto-Kabel Group, based in Hausen in Wiesental / Germany (Baden-Württemberg) forming a strategic partnership to vertically expand its core capabilities in electrification and broaden its customer base.

“This acquisition marks an important milestone in our journey to become a leading provider of intelligent energy distribution systems, electrification, sensor, and connectivity solutions for the mobility industry,” said Ulrich Eichler, CEO of Voltaira Group. “We strongly believe that our merger will not only increase our market presence and global reach, but also foster highly integrated and synergistic structures.”

Voltaira Group is a leading supplier of sensor, connectivity, and electrification solutions, specializing in wire harness technologies. From concept design to development and production, Voltaira Group maintains strategic partnerships with major players in the automotive and micro-mobility sectors. In recent years, the company has developed significantly, shifting its focus from ICE-related products to powertrain-agnostic solutions including cutting-edge electrified vehicle (EV) technology.

Auto-Kabel Group is a pioneer in e-mobility and a technology leader in automotive energy distribution and management, with a robust OEM customer base and leading innovation capabilities. The company excels in electrical components for automotive systems and power distribution, focusing on the transition to e-mobility solutions. Auto-Kabel Group has recently invested heavily in electromobility, particularly in busbar and aluminum cable technologies for high-voltage electric vehicle systems.

The collaboration between Voltaira Group and Auto-Kabel Group is built on a strong foundation of quality, innovation, and industry expertise. Both company groups have distinguished themselves in the automotive sector through their commitment to excellence. As global companies, both headquartered in Germany, they share not only a cultural heritage but also a commitment to customer-focused values and high ethical corporate standards that ensure a successful and impactful partnership. With its strong customer base, complementary product portfolio and advanced innovation capabilities, Auto-Kabel Group is expected to become an important part of the Voltaira Group.

“We are excited to join forces with Voltaira Group and are optimistic about our future collaboration,” said Markus Bolz, Managing Director of Auto-Kabel Group. This partnership brings together two companies with a shared vision for innovation and excellence in the mobility sector. We believe that together we will deliver unique value to our automotive customers, including manufacturers and suppliers of electrified commercial and passenger vehicles, and set new industry standards.

Martin Mucha, insolvency administrator of Auto-Kabel Group said: “Operationally, Auto-Kabel Group is in a solid position. The transition to e-mobility is well advanced and its order books are filled for many years to come. It was our goal to find the best strategic partner for the entire Auto-Kabel Group. Voltaira Group, with its financial strength, can now consolidate Auto-Kabel Group’s strong position in the market and take advantage of high demand to drive further growth in the future”.

This acquisition will significantly enhance Voltaira Group’s product portfolio in intelligent power distribution systems, including innovative battery harnesses, busbars, and high-voltage vehicle electrical systems. As a result of the merger Voltaira Group will have global presence with more than 50 locations in Europe, Asia-Pacific, the Middle East, Africa, and the Americas, employing more than 11.500 people worldwide.

Auto-Kabel Group will be acquired through a wholly owned German SPV of Foxconn Interconnect Technology GmbH, which is the holding company of FIT Voltaira Group GmbH. Voltaira Group, wholly owned by Foxconn Interconnect Technologies Limited (“FIT”), a leading supplier of connectivity solutions for EV mobility, 5G AloT and audio applications, benefits from a solid financial background that will support growth in the current volatile automotive market environment. The closing of the takeover is still subject to antitrust approvals and other conditions.

About Voltaira Group

At Voltaira Group, we drive the future of sustainable mobility with creative solutions and cutting-edge technology.

As an established system supplier in the mobility industry, we are proud of our long-standing partnerships with major Tier 1 automotive suppliers and OEMs. Our core competencies include the design, development and manufacture of sensor, connectivity, and electrification solutions for the automotive and micro-mobility sectors.

Recognized for our commitment to quality and German engineering excellence, the Voltaira brand is trusted worldwide. Through our strategic partnerships, we offer endless possibilities in mobility, from charging solutions to 5G AIoT. The Voltaira Group operates globally with more than 50 sites in Europe, Asia-Pacific, the Middle East, Africa, and the Americas, employing more than 11,500 people.

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