Huber Automotive AG takes over E-Drive business unit from stoba e-Systems
Backnang, 5 July 2022 – Huber Automotive AG takes over the E-Drive business unit of stoba e-Systems on 1 July 2022. In return, the stoba Group will receive a block of shares in Huber Automotive AG. This lays the foundation for a long-term partnership and cooperation between the two companies. The semiconductor division will remain in stoba e-Systems GmbH, which will thus continue to be part of the stoba Group in the future.
The e-drive system with integrated inverter (InED: Integrated Electric Drive) – consisting of e-motor, power electronics and control unit – has been developed by stoba e-Systems over the past four years. Huber has taken over equipment, know-how and 18 specialists. The company also wants to use the new location in Weinstadt to expand its catchment area and, as an innovative employer in the Stuttgart, Waiblingen and Ludwigsburg area, to attract more talented employees for the core business of New Mobility. Furthermore, the location in Wuppertal will be taken over, while Huber would like to expand the partnership with the stoba Group to other areas in the future.
“With Huber Automotive AG, stoba e-Systems has found the right industrialiser for InED. It can seamlessly follow on from our development work and guarantee existing customer orders,” says Christoph Bode, CEO of the stoba Group, explaining the sale. “Huber’s very good positioning, the specific knowledge of our stoba experts and the product itself make for a perfect constellation.”
“InED has great potential for us in previously untapped markets. There are already interested parties from the ’emerging markets’ environment who are looking for the right high-volume product to enter the mass market of electric mobility and do not want to leave the transformation race to the competitors,” says Martin Huber, CEO of Huber Group Holding SE. The business unit of stoba e-Systems will be integrated into the Hybrid & E-Drive Systems division of Huber Automotive AG. There, Huber already offers complete systems for battery-electric driving, for which stoba’s know-how and IP rights are a valuable addition.
stoba is a group of companies with the technology areas of precision engineering and special machine construction for various markets. Founded in 1961 in Backnang, Baden-Württemberg, the group is now represented by more than 1,000 employees at seven locations worldwide (Backnang, Memmingen, Weinstadt, Brno, Charleston, Small Dole, Yantai). stoba stands for quality tested over many years, individual customer-oriented solutions and ambitious visionary innovations for the future. In 2020 as well as in 2021 and 2022, the company was awarded the TOP 100 seal for its special innovative strength and above-average innovation successes. More information: www.stoba.one
About Huber Automotive AG
With its development and manufacturing expertise, Huber Automotive AG is the core company of the Huber group of companies. While the company contributed to reducing emissions from diesel engines until 2010, today the focus is on developments and series products in the field of New Mobility (hybrid, e-drive and fuel cell), which now account for more than 90% of sales. As an established specialist for embedded automotive electronics, Huber Automotive covers the growing demand for general vehicle electronics with successful developments, products and cooperations, as well as for e-mobility concepts, battery management and energy storage systems. In terms of units, Huber Automotive AG is already one of the ten largest manufacturers in the automotive sector in the field of battery management systems. The expansion of the core business offers the opportunity to position itself as a total system supplier.
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