WET Automotive Systems
| WET Automotive Systems AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1968 |
| resolution | 2013 |
| Reason for dissolution | Acquisition of Amerigon / Gentherm |
| Seat |
Odelzhausen , Germany
|
| management |
|
| Number of employees | 6,268 (Ø 2012) |
| sales | 335.445 million euros (2012) |
| Branch | Automotive supplier |
| Website | www.gentherm.com |
The WET Automotive Systems AG is a company based in the Bavarian town Odelzhausen and provides vehicle seat heating systems ago.
The group generated sales of EUR 335 (270) million in the 2012 (2011) financial year. The company has been a 100 percent subsidiary of Gentherm since July 2018 .
history
WET was founded in 1968 in Munich as "Wärme- und Hygienetechnik B. Ruthenberg GmbH". The production of car seat heaters began in 1973. In 1992 the company headquarters and corporate headquarters were relocated to Odelzhausen.
The name change to WET Automotive Systems AG in 1998 was followed by the IPO in the same year , at that time in the Neuer Markt segment . In 2003, HgCapital , a private equity company, took over the company. In 2005, SeaTex AG was taken over by WET and WET Special Products GmbH was founded.
Gentherm Inc. (formerly Amerigon) has held a stake in WET AG since 2011. In June 2013, Gentherm's stake was over 95% and the squeeze-out process began to compensate minority shareholders. With the decision of the Munich Higher Regional Court of July 30, 2018, the complaints against the squeeze-out were finally rejected and all other shareholders were finally settled with 95.53 euros per share.
Products
- Automotive cable technology
- Industrial heating elements
- Climate seat covers
- Steering wheel heating systems
- Seat covers and decorative parts for vehicle interiors
- Seat heating systems for original equipment and retrofitting
- Seat air conditioning systems for original equipment and retrofitting
- Temperature controller
Web links
Individual evidence
- ↑ Key figures ( Memento from July 11, 2013 in the web archive archive.today )
- ↑ Annual financial statements 2012 ( page no longer available , search in web archives ) Info: The link was automatically marked as defective. Please check the link according to the instructions and then remove this notice. (PDF; 3.9 MB)
- ↑ HgCapital announces offer to acquire WET Automotive Systems for € 169 million , May 29, 2003.
- ↑ Hermann Simon mentions WET Automotive Systems in his book of the same name as an example of a " hidden champion ". ( Hidden champions of the 21st century: The strategies for success of unknown world market leaders . Campus, Frankfurt am Main 2007, ISBN 978-3-593-38380-4 , p. 17.)
- ↑ WET Automotive Systems AG: Squeeze-out procedure at the request of Gentherm Europe GmbH in accordance with Sections 327a ff. AktG: Determination of the cash compensation and specification of the transfer request - dgap.de. Retrieved August 12, 2019 .
- ↑ WET Automotive Systems AG: Spruchverfahren (squeeze-out / OLG Munich - decision) - Spruchverfahren. Retrieved August 12, 2019 .
