Auto-Kabel Group Officially Joins FIT Voltaira Group since November 29, 2024 Acquisition Expands Voltaira’s Product Portfolio in Intelligent Power Distribution Auto-Kabel to Be Rebranded as Voltaira Autokabel December 2, 2024 I Reutlingen, Germany FIT Voltaira Group (Voltaira), a leading system provider of sensing unit, connection, and electrification services, concentrating on wire harness innovations, today revealed the conclusion of its acquisition of Auto-Kabel Group since November 29, 2024. Auto-Kabel, based in Hausen im Wiesental, Germany (Baden-Württemberg), is a leader in e-mobility and an innovation leader in vehicle power circulation and management. The acquisition, formerly revealed on July 11, 2024, considerably reinforces Voltaira’s item portfolio in smart energy circulation systems, consisting of ingenious battery harnesses, busbars, and high-voltage automobile electrical systems. The combined entity, Voltaira, will now boast a worldwide existence, with more than 50 areas throughout Europe, Asia, North America and Africa, and over 11,500 individuals worldwide. “We are pleased to invite the Auto-Kabel Group to the Voltaira household,” stated Chris Lu, Global COO of FIT Group and Managing Director of FIT Voltaira. “This tactical acquisition strengthens our dedication to amazed car innovation and enhances our commitment to pioneering options. Our consumer understanding and competence with both OEMs and movement providers will empower us to distinctively deal with the progressing requirements of both audiences, placing us at the leading edge of the market.” Moving forward, the Auto-Kabel brand name will run under the name Voltaira Autokabel, showing its combination into the FIT Voltaira Group while appreciating its historic significance in the movement market. This rebranding will take advantage of the strength of the Voltaira brand name while honoring Auto-Kabel’s tradition and market know-how. “We are exceptionally thrilled to sign up with Voltaira,” stated Jens Schumacher, CSO of Auto-Kabel Group. “This collaboration is developed on a shared dedication to quality, development, and deep market knowledge. We see an appealing future ahead, and the synergies in between our services will improve our item offerings and drive sustainable development.” The acquisition was made through an entirely owned German SPV of Foxconn Interconnect Technology GmbH, the holding business of FIT Voltaira Group GmbH. Voltaira, owned by Foxconn Interconnect Technology Limited (“FIT”), take advantage of a strong monetary structure that supports development in the quickly progressing vehicle market. About FIT Voltaira Group (Voltaira) At Voltaira, we drive the future of sustainable movement with innovative services and innovative innovation. As a recognized system provider in the movement market, we take pride in our enduring collaborations with significant Tier 1 vehicle providers and OEMs. Our core proficiencies consist of the style, advancement and manufacture of sensing unit, connection, and electrification services for the automobile and micro-mobility sectors. Acknowledged for our dedication to quality and German engineering quality, the Voltaira brand name is relied on worldwide. Through our tactical collaborations, we provide unlimited possibilities in movement, from charging services to 5G AIoT. FIT Voltaira Group runs worldwide with more than 50 websites in Europe, Asia, North America and Africa, utilizing more than 11,500 individuals. About Auto-Kabel Group Auto-Kabel Group is a global leader in electromobility, with 90 years of development and top-tier production quality. Auto-Kabel Group provides electrical parts for vehicle systems and power circulation, concentrating on e-mobility options. As a system provider, Auto-Kabel Group uses a vast array of items, consisting of charging sockets, drive cable televisions, and battery ports, to consumers worldwide. About Foxconn Interconnect Technology (FIT Hon Teng) Foxconn Interconnect Technology (HKEX: 6088) was noted on the Hong Kong Stock Exchange in 2017 and is the biggest customer electronic devices adapter maker in Asia. While ports stay its core service, the business has actually tactically broadened recently into 5G AIoT, Mobility, and Audio, while likewise getting in the customer brand name sector. For more details, please go to the business’s site at www.fit-foxconn.com Media Inquiries Voltaira Group, Corporate Email: Press.Services@voltaira-group.com Follow us on social networks: LinkedIn (https://www.linkedin.com/company/voltaira/) Contact Information Voltaira Group Voltaira Group– Contact United States
FIT Voltaira Group Completes Acquisition of Auto-Kabel Group
