CERTINA Group acquires Pricol Wiping Systems Czech s.r.o., a leading manufacturer and tier-1 supplier of wiping systems for the automotive industry from stock listed Pricol Limited, India.
- CERTINA Group further pursues buy-and-build strategy for its automotive division
- Strengthening of its global footprint with its production site in a best-cost-country (Czech Republic)
- Leading supplier of wiper motors as well as wiping systems for passenger cars and commercial vehicles
- Long-standing relationships to major OEMs
The CERTINA Group has successfully completed the acquisition of Pricol Wiping Systems Czech in a carve-out transaction from Pricol Limited, an India based stock listed corporation. Under CERTINA ownership the business is renamed PAL Wiping Systems.
Founded in 1922 PAL Wiping Systems develops and manufactures high quality wiper motors as well as wiping systems for front and rear windows for OEMs on an international basis. Based in Prague, PAL employs approximately 550 employees and generates turnover of around EUR 45m p.a.
PAL is well recognized for its consistent high quality, on-time delivery and is retaining a strong engineering team focused on consistently improving product performance and rigorously working on the development of next generation wiping systems.
Dr. Stefan Brungs, Managing Partner CERTINA Automotive Group and CEO of PAL, says:
“We are happy and proud to enrich our automotive division with PAL Wiping Systems Czech and welcome this strong and dedicated team in the CERTINA Group. We see great opportunities for PAL as the business has powerful engineering capabilities and performs with lean structures, offering excellent quality with significant pricing advantages. We as CERTINA will strengthen and grow our long-standing partnerships with the leading OEMs, creating mutual benefit in these turbulent times and the new era to come.”
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