# Hanomag Lohnhärterei Gruppe acquires insolvent Finoba Automotive

Hanomag Lohnhärterei Gruppe from Hannover is acquiring the insolvent Finoba Automotive GmbH, which has sites in Kassel and Baunatal, Germany. The business will continue as Hanomag Aluminium Solutions GmbH, preserving all 380 jobs.

- Type: Acquisition
- Announced: 2021-04-29
- Where: Kassel and Baunatal, Germany, Germany
- Jobs: 380
- Status: announced
- Products: aluminum structural and engine parts for automotive
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hanomag Lohnhärterei Gruppe](https://endata.com/companies/54770.md) (acquirer)
- [Finoba Automotive GmbH](https://endata.com/companies/54771.md) (target)

## Sources

- [hna.de](https://www.hna.de/lokales/kreis-kassel/baunatal-ort312516/380-jobs-bei-finoba-gerettet-90480568.html), 2021-04-29: "380 Beschäftigte der Finoba Automotive GmbH können aufatmen."

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