Ad hoc announcement pursuant to art. 53 LR
Feintool has won a substantial contract to supply rotors and stators (the main components of electric motors) to a new key customer. The multi-year contract for this renowned European OEM carries a lifetime volume in the three-digit million euro range. This success illustrates the importance of Feintool’s strategy focusing on electrification.
Feintool has been awarded a multi-year contract by a renowned European Original Equipment Manufacturer (OEM). The contract includes the supply of stators and rotors used in the manufacture of electric main transmissions for electric vehicles and has a three-digit million euro life volume.
The innovative and patented Feintool adhesive pack connection (glulock HT) will also be used in production. With its optimized mechanical and electromagnetic properties, it is ideal for the requirements of the next generation of electric vehicles. Glulock HT helps to increase the efficiency of the electric motor and thus the driving range of the vehicle.
From the first quarter of 2025, the drive components will be produced in one of Feintool’s new factories in the Stamping business unit in Germany. Components from Feintool will form the heart of the automaker’s latest generation of electric motors.
Knut Zimmer, CEO of the Feintool Group, is delighted: “With this contract, we expand our customer base with another well-known OEM for electric cars and further strengthen our market position as one of the leading manufacturers of rotors and standing in Europe. It confirms Feintool’s growth trajectory in electromobility, which was established by the acquisition of the Kienle + Spiess group in early 2022.”
About Feintool
Feintool is an international technology and market leader in the fields of fine cutting, shaping and stamping by electrolamination for steel sheet processing. These technologies are characterized by cost-effectiveness, quality and productivity.
As a company that leads innovation, Feintool continuously pushes the limits of these technologies and develops intelligent solutions to meet the needs of its customers, such as high-performance fine machining systems with innovative tools and modern production processes, on the one hand, and general processes for high performance. Precision electroplating, forming and stamping components in large quantities for demanding industrial and automotive applications, on the other.
The processes we use support the trends in the automotive industry. In this context, Feintool is the development partner in the areas of lightweight construction/sustainability, platforms and concepts for automatic drives, electric drives and hybrids.
The company, founded in 1959 and headquartered in Switzerland, has 19 of its own production plants and technology centers in Europe, the United States, China and Japan, and is therefore never far from its customers. Around 3,500 employees and 100 interns work around the globe on new solutions.
Feintool International Holding AG
Industrialization 8
3250 Lyss
Switzerland
Press spokesperson
Karin Labhart
Telephone +41-32-387-5157
Mobile +41-79-609-2202
[email protected]
www.feintool.com
The press release can be downloaded from the following link:
Press release (PDF)
