EBERSPAECHER ACQUIRES CLIMATE CONTROL SPECIALIST KALORI
In the first week of this month German based Eberspaecher signed a contract to acquire 100 percent of the shares in French company Kalori SAS, the climate control specialist based in Lyon, France. Kalori develops and produces air-conditioning and ventilation systems for commercial and special vehicles.
Through this acquisition, Eberspaecher says that is boosting its strategic focus on vehicle climate control for special markets. With a staff of some 150, Kalori generated sales of just under 22 million euros in 2017/2018. Eberspaecher will utilize Kalori's more than 25 years of experience and expertise by retaining its existing management to head the new Group subsidiary Eberspaecher Kalori SAS. “Thanks to Kalori's technical expertise, we will be able to comprehensively extend our range of climate control systems for special vehicles in a targeted way”, explains Dr. Jörg Schernikau, COO of Eberspaecher Climate Control Systems.
Eberspaecher is aiming to become a global leader in thermal management solutions for special vehicles. The focus in developing new markets will be on the NAFTA region and South America. A second phase will target growth in the Asia-Pacific region. Over 100 people are engaged in sales, research and development, production and administration at the new Eberspaecher Group subsidiary's location in Lyon. A further 50 people work at the company's production plant in Zhongshan, China. New jobs will be created in development and production roles in both France and China in order to achieve the planned growth.
Eberspaecher has approximately 10,000 employees at 80 locations worldwide. In 2017, the group generated revenue of around 4.5 billion euros.