Car manufacturer facing financial troubles is acquired by a corporate conglomerate; the fate of its workforce remains uncertain
In a move that has brought relief to employees and the local community, the Graewer Group has acquired Kick GmbH. The insolvency administrator, Michael Wahl, stated that the primary goal was to maintain the business operations and find an investor. After a thorough search, the ideal investor was found in the Graewer Group.
The acquisition marks a significant change for Kick GmbH, which will now operate under a new name - Graewer Tooling Technology GmbH. The location of the company remains unchanged, still situated in Göppingen, Baden-Württemberg.
Managing Director Marc-André Graewer explained that the acquisition offers bundled expertise, shorter paths, and a complete range from development to finished component - all from one source. This integration is expected to streamline operations and enhance the company's overall efficiency.
Perhaps the most reassuring aspect of this acquisition is the commitment to job security. Graewer Tooling Technology GmbH has assured that all jobs at their company are secure. This commitment to maintaining existing jobs and integrating the workforce into their operations ensures continuity and stability for the employees.
Unfortunately, an industrial company from the southwest had to close its operation by October 31st, resulting in all employees being dismissed. However, the acquisition of Kick GmbH by the Graewer Group has mitigated similar job losses in this instance.
It's important to note that no specific number of employees is mentioned for the company that had to close its operation. For more detailed or updated information, it would be best to check official announcements from the companies involved or relevant news sources.
This acquisition is a testament to the Graewer Group's commitment to growth and their dedication to supporting the local economy and workforce. It's a positive development for the town of Göppingen and its residents, offering a ray of hope in these challenging times.
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