We are pleased to announce that KB Components has entered into an agreement to acquire Rabugino Sp. z.o. in Warsaw, Poland.
The company is primarily active in the automotive industry and works with end customers such as BMW, Volvo, Volkswagen and Audi. It is a company that has successfully won new business, creating a significant pipeline of new business entering production. Rabugino, the future KB Components Poland, will be integrated into the KB Components Europe segment and report to VP Europe (excl. Sweden), Elvis Pruckus.
The agreement was signed on March 12, and we are now entering a phase where a few measures need to be completed before the deal is finalised and ownership of the company is transferred to KB Components AB, which is expected to take place within two months of the signing date.