01 June 2004
Fluitronics and ERIKS finalize sale of Steinebronn Industrietechnik
ERIKS group NV and Fluitronics have finalized the agreement regarding the transfer (asset deal) of Steinebronn Industrietechnik, based in Stuttgart, Germany.
Steinebronn Industrietechnik is part of Fluitronics GmbH in Germany. Its activities comprise the marketing, sale and partly the processing of products and services especially in the field of power transmissions. With its headquarters in Stuttgart, Steinebronn also has an operation in Saarbrucken.
With approx. 130 employees Steinebronn achieves annual turnover of Euro 28 million and delivers its products directly to industrial end-users (maintenance and OEM customers) mainly located in the German federal state Baden-Wurttemberg (in the southwest of Germany).
The activities of Steinebronn fit closely to those of the existing companies of the cluster ERIKS Germany. This acquisition fits in with ERIKS’ policy of expanding its market area by way of a roll-out strategy.
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