Image: VOLKER Weihbold
This is reported by the business magazine “trend”. At the end of 2022, Wolf acquired 74.9 percent of the German special vehicle manufacturer Binz through its ASW Beteiligungs GmbH, which also owns Steyr Automotive. According to the magazine report, Wolf now also holds 5 percent of the listed Vitesco AG.
Binz’s focus is on ambulances, ambulances, fire engines and police vehicles – right through to hearses. The company motto is “Technology that saves lives”. According to “trend”, around 100 million euros were turned over in the previous year.
According to the magazine, Wolf not only took over the 5 percent share at Vitesco AG, which has its headquarters in Regensburg, but also chaired the supervisory board. With 37,000 employees, Vitesco generates sales of EUR 9 billion and is majority owned by the Schaeffler Group. For example, components for drive trains are produced, mainly for electrical ones. This know-how could help Siegfried Wolf to bring self-developed electric commercial vehicles onto the market with Steyr Automotive, writes “trend”. Series production for the first European e-trucks from the Swedish brand Volta is currently starting in Upper Austria.
Source: Nachrichten
