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Polytec Considers Acquisitions

Published: November 2, 2011; 14:58 · (Vindobona)

The Austrian automotive component supplier Polytec, which recently achieved the turnaround, now also considers to expand its business via external growth.

Polytec Considers Acquisitions / Picture: © Polytec

The crisis in 2008/09 had a strong impact on Polytec, which has been endangered to slip into insolvency. The major creditor, Raiffeisen Landesbank Upper Austria (RLB) converted loans into shares and became the second core shareholder besides CEO Huemer. This year, the free float of the Vienna-listed company increased by 20% up to 57%.

In 2010, the Polytec managed its turnaround.…

This article includes a total of 198 words.

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