# DELFINGEN enters exclusive negotiations to acquire SCHLEMMER's European/African activities

DELFINGEN, a leader in electrical cable protection for the automotive industry, has entered exclusive negotiations to acquire SCHLEMMER's European and African activities. The acquired perimeter includes 5 factories in Germany, Romania, Russia, Morocco and Tunisia, with a turnover of around €100 million.

- Type: Acquisition
- Announced: 2020-07-17
- Where: Germany
- Jobs: 1,000
- Status: announced
- Products: electrical cable protection, injection moulded parts
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [DELFINGEN](https://endata.com/companies/24821.md) (acquirer)
- [SCHLEMMER](https://endata.com/companies/48648.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2020/07/17/2063781/0/en/delfingen-enters-into-exclusive-negotiation-for-the-acquisition-of-schlemmer-s-european-african-activities.html), 2020-07-17: "In a difficult market context, this acquisition would enable DELFINGEN to consolidate its market share in Europe, to strengthen its proximity to German car manufacturers and equipment suppliers."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.