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Vehicle industry: Holding company Aequita takes over traditional East German auto supplier IFA

Production at the automotive supplier Ifa

In 2018, however, the company came close to bankruptcy.


(Photo: dpa)

Frankfurt The IFA Group is one of the traditional brands among German automotive suppliers. The company, which was founded in 1959 as the vehicle construction industry association, was regarded as one of the model companies of the GDR and, after reunification, a successful example of trust privatization. Now the drive shaft and joint specialist has found a new owner. The Munich family office Aequita wants to buy the company.

A binding agreement for the complete takeover has been signed and the transaction is expected to be finalized in the coming year. The parties have agreed not to disclose the purchase price.

An insider reports that the company valuation would have resulted in a “substantial three-digit million amount”. According to the information, hardly any of this is likely to flow to the previous owners, because IFA’s balance sheet has to be restructured and the company has to be forgiven.

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Reference-www.handelsblatt.com

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