- First IPO of a Triton portfolio company
- Turnover and earnings have increased considerably since acquisition in 2010
- Expanded presence in growth markets of Asia and South America
- Greater investment in research and development, manufacturing technologies and sales
Frankfurt (Germany), 23 May 2014 -
Peder Prahl, Director of the General Partner for the Triton funds: 'The IPO is an important step for Stabilus. Having direct access to the capital market gives the company more scope to continue growing organically and to build upon its strong market position worldwide.'
Triton acquired Stabilus in 2010, in a challenging economic environment, invested fresh capital, re-structured the bank debt and thus prevented the company from collapsing. The fresh capital, a strategy jointly implemented with the management and substantially increased, targeted investment in new products and growth areas over the last four years provided the basis for the company's development into a truly global market leader. In recent years Stabilus has considerably expanded its presence in the Asian and South American growth markets, implemented a necessary focus of its European activities and significantly boosted its growth in North America. The company has also strengthened its sales activities in the industrial segment and expanded its customer base, for example among Chinese automakers. There is also a strong track record and further strong growth potential in the area of electromechanical drives (Powerise). Large strides forward have been made with the development and marketing of these products at the Stabilus headquarters in Koblenz under Triton's ownership, and as a result the company has already gained a market-leading position.
Dietmar Siemssen, CEO of Stabilus, added: 'With a business-minded owner at our side we have managed to significantly increase our advantage over our competitors in terms of global presence, productivity and technical expertise. It was a crucial and good decision to invest in our international expansion, research and development and manufacturing technologies during an economically challenging period.'
Stabilus has increased its number of employees worldwide from around 3,300 (2009/2010) to over 4,000 today. In recent years turnover has grown from around EUR 360m (2009/2010) to around EUR 460m (2012/2013), while adjusted earnings (EBIT) have risen from around EUR 36m (2009/2010) to around EUR 59m (2012/2013).