The combination of Koninklijke Nedschroef and CP Tech

2017-09-15    Author:IFS China   Source:En.Afastener.com   Views:411    

Koninklijke Nedschroef Holding BV recently signed an agreement to acquire CP Tech GmbH, a leading component manufacturer and engineering service provider.

 

Today’s automotive industry is rapidly changing in adapting to global trends and customers’ needs such as connectivity, sustainability and autonomous driving. This requires new vehicle concepts and incorporation of innovative product functionality at an early stage into the designing and manufacturing process. As a leading fasteners partner for future mobility Koninklijke Nedschroef focuses on the growing demand for special fasteners and other complex engineering parts used in cars powered by traditional fuel and electricity.


“The combination of Koninklijke Nedschroef and CP Tech will enable us to broaden our expertise from fasteners to understanding the complete functionality of components, consisting of multiple integrated parts. This is key in order to continue to serve our customers and to help them gain first mover advantages in vehicle development,” says Dr Mathias Hüttenrauch, CEO of Nedschroef.


Mr Thomas Casey, CEO of CP Tech, says: “This is an important milestone and true recognition to become part of the Nedschroef organisation. CP Tech will benefit from Nedschroef’s long-term growth ambition and global footprint as well as creating interesting opportunities for our employees.” 


Completion of the transaction is subject to the required approvals and merger clearance.

 

Nedschroef already joined International Fastener Show China. More than 120 fastener enterprises booked IFS China and nearly 7000sqm was sold out.

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