FRIWO AG to Sell Joint Venture Stake to UNO MINDA

FRIWO AG has announced the sale of its 49.9% stake in a joint venture to former partner UNO MINDA. This move, approved by FRIWO's Supervisory Board, will allow the company to focus on growth and secure a solid financial foundation. The agreement involves divesting two- and three-wheeler applications within the e-drive range, while retaining other e-mobility systems. The transaction is anticipated to generate a cash inflow in the low double-digit million euro range upon completion in the first half of 2025.

This sale follows FRIWO's decision to exit the DIN rail power supply business, expected to finalize in the same timeframe. The divestment will result in an extraordinary earnings contribution from a significant portion of the purchase price. UNO MINDA will acquire specific assets, including testing systems and intellectual property, valued at nearly 6 million euros. FRIWO believes the agreed price is fair and aligns with its strategic refocus for profitable growth.