As a turnkey partner for automotive manufacturers and Tier 1 automotive suppliers as well as other industries, FFT is responsible for the implementation of complete production facilities (body-in-white production and production lines). Process reliability, flexibility and the adaptability of the production facilities are the main focus of FFT. By developing and implementing innovative production concepts, FFT meets all requirements of modern production methods.
As part of ATON, FFT has developed significantly, expanded its global presence and expanded into new end markets. Following the spin-off from EDAG in 2011 and its integration as a direct subsidiary of ATON, FFT has established itself as a clearly focused provider with reduced complexity and an independent platform. The strong growth and very successful development will be continued under the new owner Fosun.
Fosun International Limited is a family focused multinational company listed on the main segment of the Hong Kong Stock Exchange (00656.HK) since 2007 and with total balance sheet assets of more than US$ 81 billion as at 31 December 2017. Fosun's corporate network also includes Club Med & Lanvin in France, Fidelidade Insurance in Portugal and Hauck & Aufhäuser as well as Koller in Germany.
With the acquisition of FFT, Fosun intends to further expand its own industrial competence and presence. By bringing in comprehensive knowledge of the Chinese market and its distinctive global network, Fosun will support FFT in its Chinese and international expansion.
Manfred Hahl, Managing Director of FFT: "After the significant growth of recent years and the expansion of our global presence, we are looking forward to the next chapter of our company history with the connection to Fosun. For us, this is the logical step to expand our global profile and strengthen our presence in China through Fosun's local network and market knowledge. China, as one of the largest markets in the world, offers significant growth potential in the automotive industry as well as in many other industries and applications. The partnership with Fosun gives us access to a worldwide network. Our team is convinced that we can continue to establish FFT as a leading turn-key partner under our new owner.
Guo Guangchang, Chairman of Fosun International Limited: "We are delighted that FFT is joining the Fosun family as a leading provider of industrial automation solutions to some of the world's largest "doers". Manufacturing better products and improving customer service through production and technology innovation is a core element of Fosun's strategy. In the future, we will work closely with FFT to provide Fosun with first class resources for "doers" and access to the fast-growing Chinese market. We will also strengthen each other in the future by developing FFT's own growth plans on the one hand and by Fosun's increasing relevance in developing intelligent production on the other".
The closing of this transaction is subject to regulatory approval.
The FFT Group with the holding company FFT GmbH & Co. KGaA is a global provider of automated and flexible production concepts. As a turnkey partner for automotive manufacturers and Tier 1 automotive suppliers as well as other industries, FFT is responsible for the implementation of complete production facilities (body-in-white production and production lines). With 2,601 employees, the group achieved gross sales of 856 million euros in fiscal year 2017.
Fosun was founded in 1992. Fosun International Limited is a family focused multinational company listed on the main segment of the Hong Kong Stock Exchange (00656.HK) since 2007. Total balance sheet assets as at 31 December 2017 amounted to more than US$ 81 billion (CNY 530 billion). Originating in China and through technology and innovation, Fosun's mission is to create customer-to-manufacturer (C2M) ecosystems in the areas of health, satisfaction and prosperity by providing high quality products and services to families worldwide.