LISI AUTOMOTIVE, a subsidiary of LISI Group, continues its repositioning
strategy with the sale of its LISI AUTOMOTIVE German subsidiary, Mohr +
LISI Group (Euronext Paris ISIN code FR0000050353 - FII) announces it has
signed an agreement with the German company ZerobaseInvest Holding GmbH for the
sale of 100% of the shares of its German subsidiary LISI AUTOMOTIVE Mohr +
Friedrich GmbH, which is specialized in hot forging and produces wheel nuts and
spacers, particularly for the truck and trailer market.
This subsidiary, located in Vöhrenbach, Germany, achieved sales of EUR14.8
million in 2019 based on significant market positions with truck and trailer
manufacturers. The proposed transaction provides for the continued purchase by
LISI AUTOMOTIVE's French subsidiaries of hot-forged fasteners for its French
automotive customers' needs.
The proposed transaction, following the sale of the LISI AUTOMOTIVE Former site
in Saint Florent sur Cher, France, and the recent acquisitions of TERMAX and
HI-VOL PRODUCTS, will enable the LISI AUTOMOTIVE division to continue
repositioning its business on high value-added fastening solutions and
mechanical components for the automotive market.
This transaction is subject to satisfying certain conditions and obtaining the
usual required authorizations. It should be completed by the end of June 2020.
LISI shares are listed on Euronext, Compartment A and belong to the CAC(r)AERO
& DEF., CAC(r) All Shares, and CAC(r) Industrials indices under the ISIN code:
The LISI Group is a world leader in threaded and clipped fasteners and
mechanical safety components for the Aerospace, Automotive and Medical sectors,
with 2019 sales revenue of EUR1,729 million and headcount of 11,171.