Feintool accelerates its growth with the acquisition of Kienle

Ad hoc announcement in accordance with art. 53 crowns

With the acquisition of the European group Kienle + Spiess, Feintool strengthens its market position in the field of electrification as a technology of the future. Kienle + Spiess supplies rotors and stators, which are the central power generation components of electric motors and generators, for highly efficient electric drives. Kienle + Spiess is one of the leading suppliers in this area. With this acquisition, Feintool considerably expands its last commercial pillar, the stamping of electric sheets, and positions itself as one of the main European manufacturers of motor cores for battery electric vehicles (BEV) and hybrids (HEV), industrial drives. and regenerative energies.

The purchase contract for the acquisition was signed on December 6, 2021 and will be finalized after obtaining the relevant regulatory approval. Feintool will keep all employees and apprentices working at Kienle + Spiess at the sites in Germany and Hungary. After the acquisition, their know-how will help strengthen the Feintool group. Kienle + Spiess expects sales of around 190 million euros for the 2021/2022 financial year. Based on the forecast figures for 2022, the two companies, Feintool and Kienle + Spiess, will achieve a total turnover of more than CHF 800 million. For the acquisition, Feintool uses a bridge financing, which will be replaced by a capital increase in the first half of 2022. The planned capital increase of up to CHF 200 million will serve not only to replace the bridge financing but also to finance Kienle + The continued growth of Spiess. The main shareholder of Feintool, the Artemis group, has undertaken to exercise its subscription rights and to guarantee the capital increase up to its total amount.

Feintool CEO Knut Zimmer on the acquisition
“We want to further expand our recognized global and technological position. This is why Kienle + Spiess fits perfectly into our strategy. In addition to investments in our established fine cutting and forming operations, we have invested heavily in electric sheet metal stamping technology for several years. We also serve the fast growing market of electrified vehicles, which use rotors and stators for the main drive. With the acquisition of Kienle + Spiess, we are accelerating our expansion in this business area and significantly expanding our technology base.

“In Kienle + Spiess we are very happy to have found a proven partner who, in addition to providing conventional electric sheet metal stamping, also has advanced technologies such as bonding and die casting, as well as the know-how to manufacture fully assembled rotor assemblies. This means that for our customers we are a partner with exceptional expertise in the areas of design, development, samples and serial production of rotors and stators.

“In the years to come, Feintool’s proven cutting and forming technologies, used in combustion and hybrid engine powertrains, will remain an essential basis for the Group. The rapidly expanding electrified vehicle market will become a growth engine for Feintool with electric sheet metal drive motors. “

Sumitomo satisfied with its acquisition
Sumitomo Corporation is convinced that Feintool is an excellent choice for the long term development of Kienle + Spiess. With Feintool’s strong entrepreneurial base, it offers reliable conditions that will ensure a path for future growth and expansion.

Gregor Eipert, Kienle + Spiess, COO & CSO on the acquisition
“We know Feintool as a globally recognized and recognized technology leader and we are delighted to be part of the Feintool group. During our 85 year history, Kienle + Spiess has been a leader in the development and manufacture of basic components for electrical machines. With Feintool, Kienle + Spiess will be well positioned to continue growing in the era of electrification.

Feintool’s electric mobility strategy
The trend towards highly efficient and durable drive systems in a wide variety of fields is bringing about significant technological changes. The shift from combustion engine vehicle drives to pure electric drives is accelerating rapidly around the world. Feintool has responded to this trend with its technology offensive for electric drives: hybrids and battery electric vehicles are now supplied by Feintool. Fuel cell drives will play a more important role in the future. Feintool’s metal bipolar plates are efficient and cost-effective.

In the industrial sector and in fixed electric drives such as air conditioning / ventilation systems and pumps, new regulations require the development of electric motors with significantly lower energy consumption. The Feintool Group’s “Strategy 2030” adopted in 2020 takes this development into account. In addition to the existing core fine-cutting and forming technologies, electric sheet metal stamping technology and the manufacture of rotors and stators for electric motors will be expanded to become another key technological pillar. The foundations for this strategic goal were laid in 2018 with the acquisition of the company formerly known as Stanz- und Lasertechnik Jessen (Saxony-Anhalt, Germany). Feintool System Parts Jessen is operating profitably and is on the path to growth, and the integration has been successfully completed. To organic growth is now added the strategic acquisition, which will considerably accelerate the strengthening and expansion of the technological pillar of electric sheet metal stamping. Kienle + Spiess’ exceptional expertise in the field of electric motors and Feintool’s many years of experience in the automotive sector as well as its global positioning constitute a perfect strategic complement.

About Feintool

Feintool is an internationally active technological market leader in fine cutting, formed steel components and electro-stamped sheet products. Profitability, superior quality and productivity distinguish these technologies.

As a driver of innovation, Feintool constantly pushes the boundaries of fine die-cutting technology and develops intelligent solutions to meet the requirements of its customers. Feintool offers high performance fine cutting systems, innovative tools and advanced manufacturing processes for all aspects of high volume sheet metal applications in the automotive industry and other demanding industrial sectors.

These processes support trends in the automotive industry. Feintool acts as a project and development partner in the areas of lightweight construction / durability, module / platform variants and alternative drive concepts such as hybrid and electric drives.

Founded in 1959 and headquartered in Lyss, Switzerland, the company has its production plants and technology centers in Europe, the United States, China and Japan, ensuring close proximity to its customers. Around the world, approximately 2,600 employees and more than 80 interns are working on new solutions to create key benefits for Feintool customers.

About Kienle + Spiess

Founded in 1935 in Sachsenheim, Germany, Kienle + Spiess has since grown into an internationally successful group of companies with approximately 872 employees, including 16 apprentices, and a combined total production area of ​​approximately 45,000 square meters across three locations international: Sachsenheim (DE), Vaihingen / Enz (DE) and Tokod (H).

Their decades of experience and expertise allow them to offer a great depth of in-house production when manufacturing highly efficient rotors and stators, which in turn enables them to increase the efficiency of motors and engines. generators. In production, they rely on modern facilities and a zero-defect philosophy. Their products are used in industrial applications, motor vehicles, pumps, generators and renewable energy systems. Components from Kienle + Spiess have also contributed to the advancement of electromobility.

As a partner of their customers, Kienle + Spiess aims to play an active role in shaping change and driving innovation. They are constantly developing their skills throughout their value chain and even beyond the areas of electric steel cutting, punching stator and rotor sheets, rotor casting, tool design, gluing magnets in rotor pockets and shaft assembly.

Feintool International Holding AG
Industry 8
3250 Lyss
Switzerland

Media spokesperson

Karin Labhart
Telephone +41 32 387 51 57
Cellular +41 79 609 22 02
[email protected]
www.feintool.com

The press release can be downloaded from the following link:
Press release (PDF)


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