Strategic cooperation between Pankl and SHW
Pankl SHW Industries AG
Pierer Industrie AG acquires 98.2% of Pankl Racing Systems AG in June 2018
and at the same time reaches the majority of SHW AG with 76.6%.
The systematic cooperation of the two companies, both having a focus on powertrain components in the automotive business, is the basis for a future growth. Pankl Racing Systems AG, Kapfenberg, and SHW AG, Aalen, continue to remain independent companies under the umbrella of the new holding (Pankl SHW Industries AG).