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Acquisiton of CADM - strategic milestones for further growth and development of Groclin Group

Today Michal Laska, owner and CEO of CADM Sp. z o. o. and André Gerstner, CEO of Groclin S. A., have signed a Share Price Agreement, under which CADM Sp. z o. o., located in Cracow, becomes with immediate effect a member of the Groclin Group. In a 1st step Groclin S. A. is purchasing about 51% of the shares of CADM Sp. z o. o. The other 49% will be acquired latest until the end of 2018. These 49% will be purchased against shares of Groclin.

CADM is a leading engineering company in Poland, providing Computer Aided Design services to world class car manufacturers and global 1st tier suppliers. The company is specialized in the development of components, modules and entire systems ensuring their functionality within surrounding environment. Main areas of activity are interior trim, including seats, seat covers, center consoles, door trims and instrument panels. CADM is also supporting customers in sealing systems, exhaust systems and lighting systems.

Since 5 years CADM is growing between 30% and 50% year to year and achieving in the same time outstanding financial results.

With now more than 50 high qualified engineers the company expects to continue this growth in the coming years.

„Joining Groclin Group gives us the possibility to grow faster in Europe and also to extend our offer from design and engineering services to manufacturing and after sales support. This is often expected by our customers. Personally I am very pleased about this step, as it gives both companies great opportunity to grow in competences and also expand European footprint.“ says Michal Laska, founder and owner of CADM Sp. z o. o. Michal Laska will become also responsible for Groclin´s Group R&D activities.

„We are very happy and proud, that Michal Laska and his team decided to become part of our Groclin Group. For us it is a next milestone in realizing our strategy of becoming the leading interior partner for our customers. In the same time we are creating new opportunities for our Group to offer complementary  products and services to our demanding customers and generate further profitable growth.“ says André Gerstner, CEO of Groclin Group.

From the 1st of May 2016 Groclin Group will consolidate CADM Sp. z o. o., which will increase Groclin´s sales revenues and even stronger EBITDA results still in 2016.“