Stabilus SE Set to Acquire DESTACO Following Regulatory Approval

Stabilus SE, a leading provider of motion control solutions, has announced it received all necessary regulatory approvals for its acquisition of the DESTACO Group. The transaction is anticipated to finalize by the end of March 2024. This move marks a significant step for Stabilus, broadening its reach across various industries with its wide range of motion control products.

As a major global supplier, Stabilus's array of services spans across numerous sectors, including mobility, health, and energy. The acquisition of DESTACO will potentially enhance the company's portfolio, offering customers a more comprehensive range of solutions. Stabilus, headquartered in Koblenz, Germany, reported revenues amounting to €1.2 billion in the fiscal year 2023 and operates globally with a workforce exceeding seven thousand employees.

This development follows Stabilus's tradition of growth and expansion, positioning the company for further success in the motion control industry. Both investor and press contacts have been provided for those interested in more details about the acquisition and its implications on Stabilus’s operations and market positioning.