Gehring and copperING Group are uniting their global product portfolios, thus establishing themselves as a supplier for production systems in both conventional and electrical powertrain segments. The agreed merger, which is still being ongoing, is a key component in the global strategy of both companies to meet changing market demands.
As a global automotive supplier with more than 90 years of experience, Gehring is the technology leader for honing cylinders in combustion engines. Furthermore, the company contributes towards the reduction of CO2 emissions from engines with their innovative technologies such as honing and coating. Electromobility is indispensable for achieving future CO2 emission reduction targets in the automotive industry.
copperING, with locations in Wernigerode (Germany) and Nuvolera (Italy), has extensive experience as a manufacturer of production technology in the field of electrical powertrains. The company focuses on the main processes for the production of rotors and stators, which are particularly suitable for use in the traction drives of electrical vehicles.
The integration of copperING into the Gehring Group will permit customers to choose from a wide range of innovative production technologies for their various drive concepts from a single source. In addition to the system and automation competence of Gehring, copperING’s product range constitutes an ideal basis for supplying lines for e-motor production.
Gehring’s many years of project experience in the automotive industry guarantee reliable order processing in this new business area. The established service network ensures global support for customers.
“The merger with copperING enables us to optimally complement our product port-folio and to respond to the evolving needs of our customers – another step in the sustainable future of the company. We are very much looking forward to our com-mon path”, Dr. Sebastian Schöning, CEO of the Gehring Group, stated about the merger of the two companies.
“The merger will strengthen our market position and give us the opportunity to roll out our technologies worldwide. This is a big step for us into a common future”, commented Richard Rasp, Managing Director of the copperING Group, on the common vision of the two companies.
Through the merger, Gehring’s original shareholder PENTA, and new minority shareholder Ceterum, enable the strategic expansion of the e-mobility business unit and support the management in the continuing development and accelerating growth of the group.
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About Gehring
For more than 90 years, Gehring has been the leader in honing technology, supplying cutting-edge surface finish technology solutions for internal combustion engines, gears and numerous other industrial applications. As a global technology leader, the company has an international presence in key markets in the automotive, supplier, hydraulics and pneumatics industries, as well as aerospace sector.
The Gehring product portfolio ranges from individual honing stones to honing tools, as well as gauging and automation solutions right up to integrated honing systems. Digital applications, services and innovative technologies in the areas of honing, laser structuring, roughening and coating complete the portfolio.
With approximately 750 employees, the Gehring Group is headquartered in Ostfildern, Germany and has additional locations in Naumburg, Germany, as well as in the USA, China, India, UK, France, Brazil and Mexico.
For more information, visit www.gehring.de
About copperING
copperING develops, designs and builds individual systems and machinery for electric motor production. The company has over 30 years of experience and stands for innovation and reliability. The technology spectrum ranges from the hairpin process chain to flyer winding, collector welding, turning, impregnating to inductive heating. The customer base includes leading global companies in the industrial sectors of automation, consumer products and electrical drives. copperING is located in Wernigerode, Germany, and Nuvolera, Italy.
For more information, visit www.coppering.de
About PENTA
PENTA is a Central European investment group established in 1994. It operates mainly in healthcare, financial services, manufacturing, retail and real estate development. The group manages an evergreen fund sustained by its partners, the company’s only shareholders. Its portfolio companies provide jobs to more than 32,000 people and reported assets of EUR 8,5 billion in 2016. PENTA operates in more than 10 European countries and has offices in Prague, Bratislava, Warsaw and Munich.
For more information, visit www.penta-investments.com
About Ceterum
Ceterum Holding, based in Wernigerode, invests in companies with forward-looking ideas. The companies benefit from organizational, infrastructural and strategic support provided by Ceterum. Founders and creative minds can thus focus on the development of products and technologies. The innovative power of companies is supported and further developed by the strength of the group. Ceterum invests primarily in small and medium-sized companies in the electrical engineering, automotive and medical technology industry.
For more information, visit www.ceterum-holding.com
For further information please contact:
Sales
Phone +1 248 427-3943
E-Mail: sales@gehring-group.com
Gehring L.P. 24800 Drake Road
Farmington Hills, MI 48335
