Pankl Takes Over German Automotive Company

Businessn.a. ♦ Published: January 11, 2012; 16:39 ♦ (Vindobona)

The Austrian automotive and racing company Pankl acquires the German specialist Huber, which is located in Munich.

Pankl Takes Over German Automotive Company / Picture: © Pankl

The Styrian Pankl continues its growth course with a takeover. The automotive specialist in small series, Huber GmbH has been acquired at the beginning of the year. The acquisition price was not mentioned. Huber GmbH employs 180 workers and realized € 16m in sales last year. By 2015, the staff number should rise to 250, sales are planned to grow to €30m.

The asset deal was…