on Cardea Holding GmbH (ETR:CEA)
FRIWO Completes Sale of DIN Rail Power Supply Business
FRIWO AG has finalized the sale of its DIN rail power supply solutions, resulting in a cash inflow of around 10 million euros. This strategic move allows FRIWO to enhance its financial health and focus on its primary growth initiatives. The buyer is a notable manufacturer in electrical engineering, the sole customer of the divested business, which posted 10 million euros in revenue in 2024.
The sale aligns with FRIWO's strategy to streamline operations and bolster its innovation pipeline. The company aims to use the proceeds to strengthen its balance sheet and invest in technology development. By the end of 2025, FRIWO plans to increase its equity ratio to over 30%, having already completed financial restructuring through a prior transaction in India.
R. P.
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