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Austria's Polytec Acquires Peguform



September 4, 2008

Polytec now one of the TOP 100 automotive suppliers 

Austria's Polytec Group has acquired the German automotive plastics company Peguform. The acquisition and combination of Pegufrom Group with Polytec Group is, with its new sites in Mexico and Brazil, as well as the joint ventures in China, Portugal and Spain, an important step to a global positioning of the group. Also the significance to important customers increased and the market position with respects to core products improved. As a result of the acquisition Polytec Group advances to the TOP 100 suppliers of the automotive industry worldwide (approx. position 60) with combined annual sales of 2.2 billion EUR.

Polytec Group, based in Hörsching/Linz (Austria), is one of the well-known European suppliers of the automotive- and commercial vehicle industry. With sales of 800 million Eur(outlook 2008) and a total of 6,500 employees, the company produces and assembles on 29 sites in Europe, North America and South Africa. The core products are door panels, headliners, engine parts and exterior parts for passenger cars, as well as composites parts (SMC) for commercial vehicles and passenger cars.

Peguform Group, based in Bötzingen (Germany), is one of the leading European Supplier of systems and modules for the interior and exterior of passenger cars. In the business year 2007 the company achieved sales of 1.4 billion Eur with its 7,000 employees, a total. The group's main products are bumper systems and front-end modules as well as cockpits and door panels. The company produces and assembles on 18 sites in Europe, Brazil and Mexico and runs 3 joint ventures in Spain, Portugal and China.