from LISI (EPA:FII)
LISI AUTOMOTIVE, a subsidiary of the LISI Group, is pursuing its refocusing strategy and has entered into exclusive negotiations with ZeroBaseInvest GmbH with a view to selling its French subsidiary LISI AUTOMOTIVE NOMEL SAS
Grandvillars, December 18, 2024
LISI AUTOMOTIVE, a subsidiary of the LISI Group, is pursuing its refocusing strategy and has entered into exclusive negotiations with ZeroBaseInvest GmbH with a view to selling its French subsidiary LISI AUTOMOTIVE NOMEL SAS
ZeroBaseInvest GmbH submitted a firm offer to LISI AUTOMOTIVE with a view to acquiring 100% of the shares in its subsidiary LISI AUTOMOTIVE NOMEL, which specializes in the manufacture of nuts by cold heading and washers by vertical cutting, notably for the automotive and industrial/distribution markets.
This subsidiary, located in La Ferté Fresnel (61) in France, will achieve sales of around €35 million in 2024, drawing on significant positions with automotive manufacturers (Stellantis, Renault, VW, Nissan), industrial distributors and manufacturers of screws and cage nuts. LISI AUTOMOTIVE's subsidiaries will continue to purchase washers and nuts for its customers' automotive applications.
This acquisition project completes the range of nuts produced by ZerobaseInvest GmbH through its subsidiary ZB M+F, acquired from LISI AUTOMOTIVE FORMER in 2020.
This disposal will enable LISI AUTOMOTIVE to continue refocusing its activities on high value-added fastening solutions and mechanical components for its automotive customers.
This transaction is subject to satisfying certain conditions and obtaining the usual required authorizations. It should be completed by the end of February 2025.
Contact LISI Contact ZerobaseInvest
Emmanuel VIELLARD Ingo GREUEL
Phone: +33 3 84 57 00 77 Phone: + 49 772 79260-39
Email: emmanuel.viellard@lisi-group.com Email: i.greuel@zerobase-mf.de
LISI shares are listed on Euronext, compartment A, and are included in the CAC®AERO & DEF, CAC® All Shares and CAC® Industrials indices under ISIN code: FR 0000050353.
The LISI Group is a world leader in screw and clip fasteners and mechanical safety components for the aerospace, automotive and medical sectors, with sales of €1,630 million in 2023 and a workforce of over 10,000. Reuters code: GFII.PA / Bloomberg code: FII FP
Press release 18/12/2024
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