Leading German automotive rim manufacturer BBS has been taken over by Austrian holding company Tyrol Equity. BBS, which currently employs about 1,200, is one of the country’s leading producers of premium light rims and counted Formula-1 among its clients. Tyrol is expected to invest EUR 8 million in the two facilities following the acquisition.
Tyrol Equity (www.tyrolequity.com)
Tyrol Equity is Austria’s leading listed holding company founded by successful entrepreneurs and owners of leading financial institutions and family businesses. The company invests in small and medium manufacturing businesses with turnover between EUR 10 and EUR 150 million. Tyrol provides long-term capital for expansion funding, corporate demergers and management buyouts/buy-ins (MBO/MBI). Being a publicly traded company, the firm can commit capital for indefinite periods and is focused on Austria, Southern Germany, Northern Italy and Switzerland.