Further Expansion in Sweden - AVL Acquires Majority Stake in Vicura - Press Releases
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Further Expansion in Sweden - AVL Acquires Majority Stake in Vicura
Erik Osnes, Managing Director of AVL Powertrain Scandinavia: "With Vicura, we will strengthen AVL with complementary transmission expertise and extend our footprint, expanding our presence on the Swedish west coast. Vicura has an impressive history of delivering transmission solutions to the global automotive industry and provides us with an excellent range of know-how."
Magnus Lundblad, CEO of Vicura: "Vicura has the unique capacity to deliver complete technically pioneering transmission and hybrid projects. The AVL group and its network operate worldwide and offer a better global delivery capacity and new opportunities as part of the AVL network."
Founded by Fouriertransform in 2011 Vicura is a spin-off from SAAB and General Motors when they ceased their activities. Fouriertransform's mission with Vicura was to safeguard the unique automotive competences in Trollhättan. "It is very positive to continue the strategic development with Vicura together with AVL, a world leader in powertrain development. We see a very good cultural and commercial fit between the companies" says Per Nordberg, CEO of Fouriertransform.
Fouriertransform is a Swedish state-owned venture capital company tasked with supporting, on a commercial basis, innovative companies and entrepreneurs who can help revitalize the Swedish manufacturing industry. The company has a total investment framework of SEK 3 billion and, in addition to capital, provides expertise through its highly qualified employees and a network of experts (www.fouriertransform.se).
AVL is the world's largest independent company for development, simulation and testing technology for powertrains (hybrid, combustion engines, transmission, electric drive, batteries and software) for passenger cars, trucks and large engines.
Michael Ksela, Company Spokesman AVL,
Mobile +43 664 132 81 78
CEO AVL Scandinavia
Mobile: +46 76 5252611
Mobile +46 708 777762
Mobile: +46 8 410 40 601
Investment Director Fouriertransform
Mobile + 46 31 7619142