As part of this strategic partnership, Stabilus acquires 32 percent of the shares from the founders. The aim of the partnership is to expand the product range in the field of motion control. The transaction is expected to be completed in November 2021. The parties have agreed not to disclose financial details.

Cultraro, a manufacturer of motion decelerators ("dampers") headquartered in Rivoli near Turin, Italy, was founded in 1997. The company employs more than 400 people and is represented by its own sites and partners in the USA, China, India and Germany. Cultraro's products - rotary dampers, axial dampers, linear dampers and push-push interlocks - are used in a wide range of compact motion control applications. For example, the company supplies dampers for doors and household appliances such as coffee machines, vacuum cleaners, ovens, refrigerators and washing machines in the home and household appliance sector and dampers for robotics, table-integrated power strips, drills and lawn mowers in the electronics and tools segment. In the automotive industry, Cultraro offers dampers for fuel filler caps, charging flaps for electric vehicles, trunk and exterior door handles, grab handles, cup and tablet holders, center consoles and armrests as well as glove and storage compartments, and in the service sector for vending machines, displays and ATMs. In 2020, the company generated turnover in the low double-digit million euro range.

Dr. Michael Büchsner, CEO of Stabilus, said: "Cultraro's solutions perfectly complement our motion control product portfolio. Due to their smaller format, they are used in the same application sectors, but in other application areas. As an established supplier, the company meets the high quality requirements of both automotive and industrial customers. Together with Cultraro's dedicated team, we want to leverage synergies based on our complementary product portfolios as well as our strong customer relationships and distribution channels worldwide. Shortly after our recently announced partnership with Synapticon, we are pleased to announce another strategically important investment that will further strengthen our innovative power for the benefit of our customers."

The acquisitions of shares in Cultraro and Synapticon, a technology company specializing in the development of highly compact and highly integrated motion control electronics with extensive proprietary software and microchip expertise, together amount to a low double-digit million euro sum and will be financed in cash.