MS Industrie AG Sells Manufacturing Property in Zittau

MS Industrie AG has finalized the sale of its former manufacturing property in Zittau, Saxony, previously owned by its subsidiary MS PowerTec GmbH. The property, spanning approximately 5,300 square meters, has been acquired by Glaubitz GmbH & Co. KG, led by Mr. Andreas Ullmann. This sale matches the property’s book value, encompassing operational facilities and a PV-system.

Glaubitz GmbH & Co. KG, known under the brand name “ecu.de,” specializes in testing and repairing automotive electronics, serving over 30,000 workshops in Germany. The strategic location of the property in the border triangle of Germany, Poland, and the Czech Republic supports the company’s expansion plans.

MS Industrie AG aims to use the generated liquidity to significantly reduce its financial liabilities. The company continues to focus on its core segment, MS XTEC, and its facilities in Trossingen and Charlotte, USA. The transaction was facilitated by Hornstein & Werner Immobilien GmbH.