Koblenz, July 31, 2023 - Cultraro, and Stabilus, a leading provider of innovative motion control solutions, have announced the further strengthening of their partnership today. On July 26, Stabilus acquired additional shares of Cultraro, increasing its ownership stake up to 60%. This follows two successful years of cooperation between the two companies, during which Stabilus already held a participation of 32%. Cultraro thus becomes part of the Stabilus Group and will continue to operate as a standalone Brand under the Stabilus umbrella. Paolo Cultraro will continue to lead the company as CEO, while Stabilus will extend the company's board of directors with selected representatives. This development paves the way for even greater cooperation and synergy between the two companies, fostering the pursuit of more innovative and ambitious projects.

With Cultraro joining the Stabilus Group, both companies are ready to enhance their collaboration significantly. The combined expertise and resources of the two entities promise to unlock new opportunities and drive growth in the industry. By leveraging each other's strengths, Stabilus and Cultraro are well-positioned to tackle complex challenges and deliver cutting-edge motion control solutions to their customers.

At the heart of this partnership is a commitment to supporting the success of the valued customers. By pooling resources and expertise, the two companies can offer comprehensive combined solutions that address the unique needs of clients across various industries. The shared vision is to become a go-to partner for customers seeking top-notch motion control solutions and services.

Stabilus and Cultraro share a common goal of driving innovation in their respective fields. This synergy will foster an environment of creativity and excellence, empowering teams to develop solutions that are leading in their fields.

The collaborative efforts will enable the Stabilus Group to introduce a broader range of products, to meet ever-changing market demands. The integration will lead to improved efficiency in supply chain operations, as well as streamlined processes, reduced lead times and optimized production capabilities.

Michael Büchsner, CEO of Stabilus, commented: "After two years of successful cooperation between Stabilus and Cultraro, we are excited about this new phase in our partnership with Cultraro. With a shared commitment to innovation and customer success, we are well-prepared to embrace the future and drive solutions that foster positive change."

Paolo Cultraro, CEO of Cultraro, commented: "We are thrilled to become part of the Stabilus Group. This partnership opens up new horizons for us, and we are excited about the possibilities that lie ahead. Our team remains dedicated to delivering innovative top-quality products while exploring innovative applications and ventures that will shape the future of our industry."

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Stabilus SA published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 14:48:00 UTC.