Webasto takes over the employees of CoSyst Control Systems

Further strategic strengthening in the field of electronics expertise

Stockdorf/Munich – 2 August 2017 – Effective 1 August 2017, Webasto SE has concluded a further strategic acquisition and has taken over the majority of the employees of CoSyst Control Systems GmbH, which is headquartered in Nuremburg. The approximately 50 employees of the company, which specializes in hardware and software development for the automotive industry, therefore become part of the Webasto Group. The automotive supplier is further strengthening its systems expertise with this renewed expansion of its expertise in the field of electronics.

The importance of electronic components – and consequently the need for development expertise – is clearly growing. “This highly competent team in the field of electronics development constitutes an optimum addition to our global mechatronics expertise,” explained Dr. Holger Engelmann, Chairman of the Management Board of Webasto SE. “Their development expertise combined with industry know-how has convinced us of this,” continued Engelmann. Our new colleagues will bring further expertise in the field of software and hardware engineering to the Webasto Group. This will primarily flow into new product developments for solutions in the field of electromobility.

The parties have agreed not to disclose the acquisition price. Webasto and the parent company of CoSyst, APAG Holding AG which is based in Zurich, Switzerland, have come to this arrangement.

About Webasto

Webasto Group based in Stockdorf near Munich has been a family-owned business ever since the company was founded in 1901. The group operates internationally at over 50 locations (over 30 of these production sites) in the divisions roof and thermo systems. Webasto is one of the top 100 automotive suppliers worldwide. For 2014 the Group realized a sales volume of 2.5 Billion Euros and employs over 10,000 employees. The company´s core competencies encompass the development, production and sales of complete roof and convertible systems as well as heating, cooling and ventilation systems for passenger cars, commercial and special vehicles, recreational vehicles and boats. For more information please visit www.webasto-group.com

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