BENTELER sales its shares in the joint venture BENTELER-SGL to SGL Group

Wiesbaden/Salzburg, November 8th, 2017. SGL Carbon acquires the 50-percent share of BENTELER in the joint venture BENTELER-SGL, becoming the sole owner of the company. The sale is targeted to be completed until the end of 2017. The transaction is subject to the usual approval of the relevant authorities.

The agreement is the result of an in-depth analysis of the business portfolios of both companies. For both BENTELER and SGL Group, focus on their core competencies is key part of their respective strategy. Hence, this transaction perfectly matches both companies’ strategies.

BENTELER further develops lightweight solutions, serving this important trend in the automotive industry. The company leverages its in-house expertise in aluminum and steel processing. "We will continue our successful partnership with SGL Group in the future to purchase products made of glass or carbon fiber reinforced plastic, where necessary," explains Laurent Favre, CEO of BENTELER Automotive. Laurent Favre continues: "The automotive market is changing rapidly. The sale of our shares in the joint venture enables us to invest more in our core business, in order to actively shape the future of the automotive industry. We are driving developments in the area of electric mobility and offer complete system solutions, as our customers are increasingly outsourcing them. We also see a huge potential in digitization, in cooperations with startups and in growth markets such as China."