Hanomag Lohnhaerterei completed the acquisition of Finoba Automotive.

Hanomag Lohnhaerterei, a steel and aluminium heat treatment specialist, completed the acquisition of Finoba Automotive, a German automotive components group. Financial terms were not disclosed. "The takeover gives Finoba another long-term perspective under the umbrella of an investor who is an excellent fit for the company. In the midst of the corona pandemic, this is an extraordinary success. I am particularly pleased that all employees will be taken on by the investor," Franz-Ludwig Danko, Insolvency Administrator.