ThyssenKrupp Find New Owner for Toolmaking Business

After intensive efforts, ThyssenKrupp Technologies has found a best owner for the Ravensburg plant of ThyssenKrupp Drauz Nothelfer, which specializes in engineering and installation of body-in-white equipment and toolmaking.

The buyer is EBZ Systec GmbH, a subsidiary of EBZ Engineering Bausch & Ziege GmbH (EBZ) formed for this purpose. The Ravensburg-based EBZ group has 420 employees and annual sales of around 45 million euros and specializes in engineering services for car body manufacture, metal forming technology and IT. In addition to its head office in Ravensburg, EBZ has six further sites in Germany as well as sites in Hungary, Russia, China, Brazil and the USA. By making the acquisition the company plans to strengthen and develop its body production operations and intends to move its 200 employees in Ravensburg to the plant site. This will strengthen the site as a whole.

ThyssenKrupp Drauz Nothelfer has around 370 employees and 30 apprentices at the Ravensburg site, all of whom will transfer to the buyer. A reconciliation of interests has been agreed between ThyssenKrupp Drauz Nothelfer and the works council for the transition, which EBZ has endorsed.

The laser technology unit is to be transferred to an independent legal entity, ThyssenKrupp Lasertechnik GmbH, and will remain with its 18 employees in the ThyssenKrupp Group. The unit will be assigned to the Steel segment.

The transfer is scheduled to take effect on March 01, 2008.

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