Kolbenschmidt Pierburg Acquires Burkert Fahrzeugteile

Resource from: CBCC Likes:3136

Jan 04,2011

(January 3rd, 2011 ) Kolbenschmidt Pierburg AG, announced the acquisition of the business operations of Burkert Fahrzeugteile GmbH & Co. KG, Asperg, Germany, with an agreement signed with the latter’s insolvency administrator. German authorities have already given the go-ahead for the takeover. Burkert is a specialist in commercial vehicle engineering parts as crankshafts, camshafts, cylinder heads, cylinder liners and connecting rods. In fiscal year 2009 to 2010 the company generated sales of around #8364;35 million (US$46.8 million). The acquiree will continue to operate at its Asperg location, joining the Kolbenschmidt Pierburg Group’s Motor Service division as a separate company under the name of BF Germany GmbH. Kolbenschmidt Pierburg AG is part of the Rheinmetall Group and a first-tier supplier to the automotive industry for components in air supply and emissions control segments as well as pumps. The company also produces pistons, engine blocks and plain bearings for the aftermarket.

(CBCC)

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