HOW GNOSJÖGRUPPEN SOLD THEIR GERMAN SUBSIDIARY IN TWO MONTHS
June 3rd, 2010 Gnosjögruppen signed the final agreement to sell their German subsidiary, SKA. On a competitive market with tough clients in the automotive industry and in the wake of a deep recession, Gnosjögruppen managed to sell its German subsidiary and a property in Anderstorp in record time. Below Torbjörn Browall, CEO of Gnosjögruppen, answers questions about how they accomplished this.
Facts about the owner:
Gnosjögruppen turnover of approximately 1 billion and has approximately 700 employees in Sweden, Slovakia, Hong Kong and Germany.
Facts about the property in Anderstorp:
An industrial building with a total area of 11,000 m2. YTAB is already tenant and after the deal, Gnosjögruppen become a tenant aswell.
Facts about SKA, the company sold:
With headquarters in Attendorn, Germany, SKA acting subcontractor to the German automotive industry. The products are mostly used in seat belts and other safety products. The company has annual sales of approximately 170 M USD with 50 employees.
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