HOLMBERGS ACQUIRES FASCHING SAFETY BELTS
Holmbergs Safety System Holding AB from Sweden has signed an agreement to acquire the Austrian-based Fasching Safety Belts GmbH, a leading provider of safety belts for the bus and motor coach industry. The acquisition fits into Holmbergs’ strategy of growing its Secured Transportation business, both organically and through M&A.
The goal is to complement its global market leading position in child safety systems. Fasching’s current owner will re-invest a substantial part of the transaction proceeds in Holmbergs, as well as remaining on the Board of Directors for Fasching and working actively with strengthening the Holmbergs Group’s overall position in the DACH region.
Holmbergs is a global market leader in the fast-growing niche markets of safety products and systems for child safety seats, as well as for the secured transportation industry.
Fasching is a leading global manufacturer of safety belts for buses, commercial vehicles and wheelchairs.