Stabilus, a supplier of motion control solutions, recently entered into a partnership with Cultraro Automazione Engineering.
In the context of this strategic partnership, Stabilus acquired 32% of the shares from the company’s founders. The partnership focuses on expanding the product range in the field of motion control. The parties have agreed not to disclose further financial details of the transaction.
Founded in 1997 and based in Rivoli, Italy, Cultraro is a world leader in the production of small dampers. With more than 400 employees, Cultraro is represented in the U.S., China, India, and Germany. Cultraro’s products include rotary, axial, and linear dampers widely used in compact motion control applications.
“The solutions from Cultraro are the perfect addition to our product portfolio in the field of motion control,” Michael Büchsner, CEO of Stabilus, said in a press release. “Due to their smaller format, they are used in the same industries but in other applications. As an established supplier, the company meets the high-quality requirements of both automotive and industrial customers. Together with the dedicated team of Cultraro, we want to realize synergies based on our complementary product portfolios as well as through our strong customer relationships and distribution channels worldwide. We are pleased to announce another strategically important investment, with which we will continue to strengthen our innovative strength for the benefit of our customers, so soon after our recently announced partnership with Synapticon.”
For more information, visit www.stabilus.com/.