Fersa Group has acquired 100 per cent of the Austrian company NKE Austria, completing a ‘deal’ that began in 2016, when the Spanish company purchased 49 per cent of NKE shares.
With the acquisition of the remaining 51 per cent, the Austrian company is now wholly owned by Fersa and the business group offers two commercial bearing brands – Fersa for the automotive sector and NKE for the industrial sector. Fersa has not ruled out incorporating new brands into its portfolio in the near future.
The merger strengthens the group’s presence in central Europe – part of the company’s commitment to the internationalisation that Fersa Bearings began in 2002 with the acquisition of shares by investment capital firm Going Investment. Since then, the company has evolved into a group with four cutting-edge production centres, six distribution centres and four R&D centres – two in Europe and two in Asia – supporting Fersa’s global presence in more than 95 countries on five continents with a workforce of more than 500 employees.
The union of the two brands strengthens the group financially, with an expected turnover in 2018 of more than EUR80 million euros and an EBITDA of more than EUR9 million. “In 2020, we expect to reach a turnover of more than EUR110 million and an EBITDA of 15 per cent on sales,” says Carlos Oehling, CEO.
The impact of Fersa’s entry into the NKE business has been very positive from the start. NKE has gone from billing EUR17 million in 2015, with a negative EBITDA, to an expected closing forecast of EUR25 million in 2018 and an EBITDA of almost EUR2 million. Its momentum has been driven by a strong investment in its engineering capacity and its presence in Asia, which has consolidated NKE’s image as a premium-level manufacturer.
The two bearing manufacturers combine their strengths and competencies to consolidate their position as strategic bearing suppliers for original equipment manufacturers and distributors in the various market segments in which they operate.The business group plans to invest further in its facilities worldwide, especially in the current digitalisation process and the expansion of its production and logistics capacities.
Investments in the NKE facilities in Steyr, Austria, include a new fully automated production line to meet the demands of European OEMs with a philosophy of production in the region, for the region. For its part, Fersa Bearings continues to strengthen its headquarters in Zaragoza, Spain, including the construction of a new 5000 square-meter warehouse with two new automated manufacturing lines at an investment expected to reach EUR16 million in 2020.
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