SGL Carbon SE has signed an agreement to acquire BMW Group's 49 percent equity investment in the joint ventures SGL Automotive Carbon Fibers GmbH & Co KG (Germany) and SGL Automotive Carbon Fibers LLC (US) – together referred to as SGL ACF.
Once the deal has been finished, SGL will be the sole owner of SGL ACF.
Carbon fibres and carbon fibre materials are at the core of SGL Group's corporate strategy. By acquiring SGL ACF now, SGL Group is forging ahead with its strategy to consolidate all key activities in the value chain – from carbon fibres and materials to components – within the SGL, giving it overall responsibility.
BMW Group has entered into an agreement with SGL Group to continue to work together on future projects involving the use of carbon.
The existing supply agreements for the continued procurement of carbon products from SGL ACF for the BMW i3, the BMW i8, and the BMW 7 series into the next decade are unaffected by the transaction. Likewise, BMW Group's CFRP-stacks production unit in Wackersdorf will not be affected. Furthermore, the transaction will not impact BMW AG's 18.3 percent shareholding in SGL Carbon SE.
The agreement between SGL and BMW provides for the acquisition of the two SGL ACF companies in stages. In the first step, SGL Automotive Carbon Fibers GmbH & Co KG (Germany) will be transferred to SGL Group. This transaction will probably be completed in January 2018.
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