{"id":16995,"date":"2024-12-31T17:00:35","date_gmt":"2024-12-31T16:00:35","guid":{"rendered":"https:\/\/www.friwo.com\/?p=16995"},"modified":"2025-01-06T09:26:49","modified_gmt":"2025-01-06T08:26:49","slug":"friwo-is-divesting-its-din-rail-power-supply-business","status":"publish","type":"post","link":"http:\/\/dev.web1.server250a.stx-server.de\/en\/press\/friwo-is-divesting-its-din-rail-power-supply-business\/","title":{"rendered":"FRIWO is divesting its DIN rail power supply business"},"content":{"rendered":"

Ostbevern, 31 December 2024<\/strong> \u2013 FRIWO \u2013 an international product and system provider of power supplies, charging technology and digitally controllable drive solutions \u2013 today signed a framework agreement to divest its business in customer- and application-specific power supply solutions for DIN rails. The execution of the framework agreement is still subject to various conditions and is expected to be completed in the first half of 2025. In the current fiscal year 2024, FRIWO generated sales of around EUR 11 million with these products, with solid profitability. The purchase price is in the low double-digit million-euro range.<\/p>\n

The activities in the area of power supply solutions for DIN rails which are bundled in the business segment Industrial will be acquired by a reputable component and system manufacturer in the field of electrical engineering, electronics and automation, which has already been the sole customer for the relevant FRIWO products and services. The power supply business, which is highly customer- and application-specific, has no organizational or synergistic connection to FRIWO’s other activities. FRIWO plans to invest the funds it expects to receive from the transaction in the expansion and technological development of the group’s core activities.<\/p>\n

Contact investor relations and media<\/strong><\/p>\n

FRIWO AG
\nIna Klassen
\n+49 (0) 2532 81 869
\nir@friwo.com<\/p>\n

Peter Dietz
\n+49 (0 ) 69 97 12 47 33
\ndietz@gfd-finanzkommunikation.de<\/p>\n","protected":false},"excerpt":{"rendered":"

Ostbevern, 31 December 2024 \u2013 FRIWO \u2013 an international product and system provider of power supplies, charging technology and digitally controllable drive solutions \u2013 today signed a framework agreement to divest its business in customer- and application-specific power supply solutions for DIN rails. The execution of the framework agreement is still subject to various conditions […]<\/p>\n","protected":false},"author":17,"featured_media":6008,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[93],"tags":[],"class_list":["post-16995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"acf":[],"yoast_head":"\nFRIWO is divesting its DIN rail power supply business - FRIWO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/dev.web1.server250a.stx-server.de\/en\/press\/friwo-is-divesting-its-din-rail-power-supply-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRIWO is divesting its DIN rail power supply business - FRIWO\" \/>\n<meta property=\"og:description\" content=\"Ostbevern, 31 December 2024 \u2013 FRIWO \u2013 an international product and system provider of power supplies, charging technology and digitally controllable drive solutions \u2013 today signed a framework agreement to divest its business in customer- and application-specific power supply solutions for DIN rails. 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