ERJ staff report (DS)
Weinheim, Germany --Vibracoustic, one of the Business Groups in the Freudenberg Group, is to acquire the 50% shareholding of its joint venture partner Anvis Group, making it the sole owner of Vibracoustic do Brasil headquartered in TaubatÃ©, Brazil. With this step, the vibration technology expert intends to serve the South American market even more efficiently. The joint venture with a current workforce of 155 was set up in 1998 and mainly produces engine mounts and chassis parts for the local market.
The company is aiming to grow by between five and ten percent this year. The Brazilian team plans to achieve this by continuing to provide excellent customer service as well as offering high-tech products for the automobile industry. Advanced technologies are used to manufacture components to improve automobile acoustics and eliminate vibrations.
Olaf Hahn, CEO of the Anvis Group, explained that the decision to sell the joint venture shareholding was motivated by the ongoing optimisation of the Anvis Group's product and site portfolio: â€œRussia, India and the ASEAN member states are the most important markets for our core business. This step means we can focus on these markets. With Vibracoustic as a cooperation partner we will continue to be represented in Brazil in order to serve the local market. Our innovation potential allows us to expand our position; our development and manufacturing competence supports our entry into further markets.â€
The Anvis Group, formerly named Woco Michelin AVS, was founded in 2000 as a joint venture of the Woco Group and Michelin. The joint venture was taken over in 2007 by Arques Industries AG, based in Munich.
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Press release from Vibracoustic