GASTONIA, N.C. -- Scandinavian-German financial investor, Triton, will become the new owner of global automotive-industrial supplier Stabilus.
Triton says its new investment capital positions Stabilus for faster expansion of its product portfolio and to improve its competitiveness in other industrial areas.
Stabilus management says the acquisition is expected to boost the company’s competitive positioning, and provide capital for further growth and underlying job security.
Because the majority of the company’s revenues are generated by products for the automotive industry and other industrial segments, Stabilus was heavily affected by the negative market development in the automotive sector.
