FRIWO Finalizes Sale of Indian Joint Venture Stake

FRIWO AG, an international provider of power supplies and digitally controllable drive solutions, has successfully completed the sale of its 49.9% stake in the joint venture with UNO MINDA. This transaction results in a net cash inflow of approximately 18 million euros, which will be instrumental in reducing debt and supporting the company's growth strategies.

The management aims to improve their equity ratio significantly, from a previous 2.5% to over 30%, pending auditor confirmation. These financial moves aim at enhancing balance sheet quality and positioning FRIWO for sustainable profitability.

FRIWO plans to channel funds into expanding its five key business areas, such as E-Mobility and Medical & Healthcare Solutions. The adjustments in global sales are expected to drive growth in the European, American, and Asian markets.