Business
FRIWO completes sale of stake in Indian joint venture as announced – significant cash inflow secured for future growth
FRIWO completes sale of stake in Indian joint venture as announced – significant cash inflow secured for future
About this update from Friwo Ag
[{"type":"text","content":"\n\n\nEQS-News: FRIWO AG\n\n\n / Key word(s): Disposal/Joint Venture\n\n\n\n\n\nFRIWO completes sale of stake in Indian joint venture as announced – significant cash inflow secured for future growth \n\n\n\n\n\n\n02.07.2025 / 19:04 CET/CEST\n\n\n\nThe issuer is solely responsible for the content of this announcement.FRIWO completes sale of stake in Indian joint venture as announced – significant cash inflow secured for future growthCash inflow from the sale of the stake in the Indian joint venture in line with previous expectations, adjusted for transaction-related one-off effects\n Closing of the sale of the business with customized and application-specific power supply solutions for DIN rails expected in the third quarter of 2025\n Available funds will be used to reduce debt and for future growth and improved profitability\n Growth drivers identified in all five business areas: Focus on increased internationalization and innovative growth driversOstbevern, July 2, 2025 – FRIWO – an international product and system provider of power supplies, charging technology, and digitally controllable drive solutions – has completed the sale of its 49.9 percent minority stake in the joint venture with India’s UNO MINDA, as announced in the first quarter of 2025. In addition to its shareholding, UNO MINDA has also acquired intangible rights such as know-how and intellectual property through its subsidiaries, in particular UNO MINDA EV SYSTEMS, to the products developed by FRIWO for UNO MINDA EV SYSTEMS and manufactured and distributed by the latter, as well as certain test and inspection systems from the companies of the FRIWO Group based in Germany. The acquisition of the e-drives test and inspection systems in Vietnam is currently still in progress. The purchase agreement exclusively covers the two- and three-wheel applications of the e-drives offering worldwide, with the exception of e-bikes and pedelecs. Other e-mobility system offerings, such as those for logistics, construction, golf carts, or the medical sector, remain available to the company. In the course of the closing of the transaction, which is now largely complete, the company has received the contractually agreed net cash inflow of approximately 18 million euros after deduction of transaction costs.\n\nThis marks an important step in the financial restructuring and lays the ...