Teknia acquires German suspension parts factory

Teknia, a Spanish multinational group specializing in metal and plastic components, has acquired Forschner PTM GmbH from the Forschner Group, located near Stuttgart in the southern German province of Baden-Württemberg, close to the supplier’s main customers.

The new factory is located in Mahlstetten, employs more than 100 people and achieved a turnover of approximately 24 million euros in 2021. The factory, now renamed Teknia Stuttgart, specializes in the machining of bars for produce various premium suspension components for all types of vehicles.

“In fact, the components produced by Teknia Stuttgart will be particularly relevant for autonomous vehicles as they improve vehicle ride comfort by minimizing inertia,” the company said in a statement.

“The acquired plant will add significant value through its extensive experience in complex machining, which will increase Teknia’s overall value proposition in machining technology.

The plant is Teknia’s first in Germany, adding a plant in a market where it has operated since 2007 from offices in Stuttgart.

Teknia Group was founded in 1992 as a global supplier to the automotive industry. It employs 3,000 people in 22 factories in 12 countries. Customers include automotive manufacturers and Tier 1 suppliers.

The turnover was 324 million euros in 2021.

Comments are closed.