German auto parts supplier Auto-Kabel Group finds new owner

Auto-Kabel Group, an automotive parts supplier in Baden-Württemberg, Germany, has successfully found a new owner after filing for bankruptcy. Voltaira, an automotive parts supplier in the Swabian region, acquired the company for an undisclosed price. Auto-Kabel filed for bankruptcy at the end of 2023 due to high investment costs, despite ample orders. Voltaira's acquisition will help Auto-Kabel consolidate its market position and take advantage of market demand to achieve further growth. The Auto-Kabel Group has decades of experience in the automotive industry and is an innovative leader in automotive high-voltage power distribution systems, covering cables, high-voltage connectors, fuses, power distribution, and electric vehicle solutions. In addition, the group has recently invested heavily in the field of electric vehicles, especially busbar and aluminum cable technology for high-voltage electric vehicle systems.