24 November 2017
VIEW SGL'S CARBON FIBER BROCHURE
DETAILS
- SGL Carbon SE will acquire the 49% stake in stages,
becoming the sole owner of SGL ACF - Purchase is in line with the strategy of supplying
every step of the carbon fiber value chain from a single source - Cooperation with BMW Group on
the supply of carbon fiber materials will continue - No impact on BMW AG's shareholding in SGL Carbon SE
SGL Carbon SE is acquiring BMW Group's 49% equity investment
in the joint ventures
SGL Automotive Carbon Fibers GmbH & Co. KG (Germany) and
SGL Automotive Carbon Fibers LLC (US)
– together referred to as ' SGL ACF'.
An agreement on this matter was signed by
SGL Group and BMW Group today.
Once the deal has been completed, SGL Group will be
the sole owner of SGL ACF.
As is customary, the transaction is subject to approval
from the respective authorities.
Carbon fibers and carbon fiber materials are at
the core of SGL Group's corporate strategy.
By acquiring SGL ACF now, SGL Group is forging ahead
with its strategy to consolidate all key activities in the value chain
– from carbon fibers and materials to components –
within the SGL Group, giving it overall responsibility.
As announced two weeks ago, BENTELER-SGL is being acquired
for the same reason.
The changes in the shareholder structure of SGL ACF
will not have any direct impact on its workforce,
which currently totals around 450 employees.
The agreement between SGL Group and BMW Group
provides for the acquisition of the two SGL ACF companies in stages.
In the first step,
SGL Automotive Carbon Fibers GmbH & Co. KG (Germany)
will be transferred to SGL Group. This transaction will probably
be completed in January 2018.
The second step
will involve SGL Automotive Carbon Fibers LLC (US)
being transferred to SGL Group, with this transaction
expected to be completed by the end of 2020 at the latest.
Jürgen Köhler,
Chief Executive Officer of SGL Group
"We are proud of the pioneering work that we have carried out
with BMW Group on lightweight construction
for the automotive sector.
The carbon fibers made at our plant in Moses Lake
and the fabrics that are produced from them at the Wackersdorf site
have proven very successful.
It is now time to fully integrate this expertise into
SGL Group's value chain,"
If you have any queries, please contact:
SGL Group
Corporate Communications
Andreas Pütz
Tel. +49 611 6029-100
BMW Group
Business and Finance Communications
Max-Morten Borgmann
Tel. +49 89 382 24118
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