KOBLENZ (dpa-AFX) - Automotive and industrial supplier Stabilus has announced the sale of its two subsidiaries, Fabreeka and Tech Products, to the VMC Group. The purchase price is set at 92 million US dollars (78 million euros), the company stated on Monday. The transaction is expected to close in the third fiscal quarter, pending regulatory approval. Stabilus intends to use the net proceeds primarily to reduce debt and strengthen its balance sheet. Despite the planned divestments, the group reaffirmed its targets for the 2025/2026 fiscal year.

'The divestment of Fabreeka and Tech Products aligns with our clearly defined goal of establishing Stabilus as one of the world's leading companies in the field of motion control,' said CEO Michael Büchsner, according to the press release. He noted that both subsidiaries offered limited synergy potential within the motion control platform.

According to company data, Fabreeka and Tech Products have been part of Stabilus since 2016. Their product portfolio includes components for vibration isolation as well as shock and noise damping. In fiscal year 2025, the two companies combined reported revenue of approximately 32 million dollars and an adjusted EBIT of around 8.9 million dollars./mne/stk