SHW

SHW

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 50.2%.

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).