The CERTINA Group, headquartered in Munich, Germany, today announced the signing of a purchase agreement to acquire two plants for thermal and acoustic insulation products from ElringKlinger AG. The transaction covers the sites in Sevelen, Switzerland, and Buford, USA. The purchase agreement was signed on October 7, 2024, and the final closing is expected to take place before the end of this year.
With this strategic acquisition, the CERTINA Group gains two strong companies in the field of high-temperature solutions. This enables it to expand its market position and technological expertise in the field of thermo-acoustic solutions. Close cooperation with the ISOLITE Group, a subsidiary of CERTINA, will create valuable synergies for the development of efficient and innovative high-temperature insulation solutions.
The acquisition of ElringKlinger’s subsidiaries in Switzerland and the USA, which together generate sales of approximately €175 million, increases sales in the CERTINA Group’s High Temperature Solutions segment to over €275 million. At the same time, the global footprint is strengthened with twelve production and technology sites in the USA, Europe, and Asia.
This step marks an important milestone in the history of the CERTINA Group and underscores the company’s commitment to being a strong and reliable partner for its customers and expanding its market leadership in the field of advanced insulation solutions.
Dr. Stefan Brungs, Managing Partner of the CERTINA Group, comments: “With this acquisition, we are consolidating our position as a strategic partner to the automotive industry and strengthening our expertise in this segment. We warmly welcome the new teams in Switzerland and the USA and look forward to our future together.
In times of change, it is essential to act as a reliable, long-term partner, and that is precisely what we strive to be.”
Michael Knoll, CEO of the ISOLITE Group and head of the segment, is looking forward to working with his new colleagues in Switzerland and the USA: “Together, we will combine our strengths to develop innovative solutions and strengthen our market position in the long term. The expertise and many years of experience of the new team members will further drive our success.”
Following the acquisition, ElringKlinger Switzerland AG and ElringKlinger USA, Inc. will continue to be managed by Dr. Stefan Brungs and Michael Knoll together with the existing management team. Michael Knoll emphasizes: “This experienced team will ensure that our customers can continue to rely on the first-class quality and reliability of our products and services, for which they value ElringKlinger.”
With competence, passion, and success into the future!
With this step, the CERTINA Group is once again sending a strong signal for innovation and growth. The future is full of opportunities, and we are ready to seize them together with our new partners and teams – for a successful and sustainable future in the field of advanced high-temperature solutions.
