Freudenberg Ponders Vibracoustic IPO
German technology company Freudenberg & Co. confirms it will decide this autumn whether to make an initial public offering in 2019 for its Vibracoustic unit.
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German technology company Freudenberg & Co. confirms it will decide this autumn whether to make an initial public offering in 2019 for its Vibracoustic unit, which supplies vibration control materials to the auto industry.
Two years ago, Freudenberg bought out joint venture partner Trelleborg AB’s 50% stake in Vibracoustic for €1.8 billion.
The privately held company tells reporters it is looking for acquisitions. CEO Mohsen Sohi says Freudenberg has some €3 billion ($3.7 billion) to spend, even if it decides against a Vibracoustic IPO.
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