Kolektor purchased a share in the Swiss company Micro-Motor

07.10.2015

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Kolektor purchased a 51% share in the Swiss company Micro-Motor.

Kolektor purchased a 51% share in the Swiss company Micro-Motor and started to transfer their business including development of products, production and administration to Slovenia. For this purpose, a new company was established by Micro-Motor in Slovenia, namely the Kolektor Micro-Motor, into which Micro-Motor as a partner entered jointly with Kolektor. The newly established company is seated in Idrija. With this purchase, Kolektor will strengthen its program of electronics and drives and ensure additional workplaces in the Idrija municipality. Transfer of production of Micro-Motor products to Idrija will have been carried out by January 1, 2016.

"This purchase is a great success for Kolektor. Our strategy is growth and increasing of added value of our products. We pursue this goal through organic growth and acquisitions", said Radovan Bolko, President of the Board of Management, adding that Kolektor took over a 51% share and signed an agreement under which Kolektro will take over a 100% share in 2017. "With this acquisition we will push further the complexity of our products . The base acquired in Switzerland shall open the door of the automotive and make us a key player in the field of e-mobility."

Darja Petrič, Member of the Board of Management, pointed out that Kolektor has the potential for the 100-million takeover. President of the Board of Management explained that Kolektor is on a permanent look out for potential acquisitions in Europe, where programs align with the program strategy of the group and where there is possibility of upgrading existing knowhow and competence.  "We are currently in different phases of negotiating with several companies. Hopefully, some of these negotiations bear fruit so we can witness new acquisitions in future."

"Speaking of the product portfolio of Micro-Motor - 2000 products into which over 4000 different components are built", stressed Valter Leban, Member of the Board of Management , adding that for this program to operate with success, Kolektor shall need 50 additional highly qualified employees.

Kolektor will end 2015 with a business result above planned and free of any debt -  with almost EUR 500 million in sales.

(From left to right) Primož Bešter, executive director Sales & Marketing, Darja Petrič, Member of the Board of Management, Radovan Bolko, President of the Board of Management, and Valter Leban, Member of the Board of Management

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