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    Strategic cooperation

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    Strategic cooperation between Pankl and SHW

    Pierer Industrie AG acquires 98.2% of Pankl Racing Systems AG in June 2018 and at the same time reaches the majority of SHW AG with 50.2%.

    The systematic cooperation of the two companies, both having a focus on powertrain components in the automotive business, is the basis for a future growth. Pankl Racing Systems AG, Kapfenberg, and SHW AG, Aalen, continue to remain independent companies under the umbrella of the new holding (Pankl SHW Industries AG).

     

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