Westron Group completed the acquisition of a 88.9% stake in Allgaier Group.

Westron Group, an industry company with its investment arm focusing automotive and technology sector, completed the acquisition of a 88.9% stake in Allgaier Group, a systems supplier for the international automotive industry. Financial terms were not disclosed. “The Allgaier Group has an excellent reputation in the automotive, environmental, and recycling sectors, and has shown great resilience in successfully navigating the crises of recent years. Already in 2022, we’re seeing a marked increase in sales and a good volume of orders coming in for both divisions. We want to build on this foundation and further strengthen and develop the Allgaier Group on a global scale, in collaboration with its management, staff, and customers," Scanny Cai, Westron Group Partner.