GKN plc confirms that the acquisition of Stromag Holding GmbH (Stromag), announced on 18 July 2011, completed today.
Stromag will be integrated into the GKN Land Systems Power Management Division. The acquisition is an important step in the implementation of GKN Land Systems’ strategy to become a global leader in Industrial Power Management and will provide a platform for growth in existing markets together with access to a number of new and attractive industrial segments including renewable energy.
GKN welcomes the entire Stromag team into the GKN family and we look forward to an exciting future combining our world class capabilities.
Further Enquiries
Guy Stainer
Director, Investor Relations and External Communications
GKN plc
T: +44 (0)207 463 2382
M: +44 (0)7739 778 187
E: guy.stainer@gkn.com
Cautionary Statement
This announcement contains forward looking statements which are made in good faith based on the information available to the time of its approval. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a number of risks and uncertainties that are inherent in any forward looking statement which could cause actual results to differ materially from those currently anticipated.​