MENU MEK Group acquires Forbrass with an eye on the electric vehicle The purchase extends its offer to the forging of non-ferrous materials. MEK Grupo has taken another step in the formation of a multi-technology group with the purchase of the Biscayan Forbrass . The operation continues an ambitious management that has allowed them to double sales in 18 months and ensure the maintenance of decision-making centers for family businesses in the Basque Country. The MEK Group project , mainly specialized in the manufacture of automotive components, although with a prominent presence in hydraulics and pneumatics and household appliances and furniture, has strengthened its offer with a new technology with which it hopes to obtain great synergies in the future . As its CEO, Javier Alcoba, has underlined, the acquisition of 100 percent of Forbrass, positions them in the forging of non-ferrous materials with high added value. The new subsidiary specializes in the forging of brass, bronze and aluminum parts and only concentrates 10 percent of its sales in the automotive sector. However, it has a large presence in the design and manufacture of components for the electrical sector, highlighting its position of reference in the manufacture of battery terminals. Forbrass's specialization will help MEK Group incorporate key know-how to expand its offering in the electric vehicle segment , which will gain weight in automotive productions in the coming years. Al mismo tiempo, como indica el director general de Forbrass, Pablo Alonso: “integrarnos en MEK supone acceder a tecnologías complementarias que cada vez son más requeridas por nuestros clientes, así como por el mercado en su conjunto. Además, ganamos en sinergias comerciales”. En esta misma línea, Javier Alcoba reafirma la política del grupo: “Creemos en un crecimiento vía adquisiciones que nos aporten un elemento diferencial, pero siempre manteniendo la autonomía operativa de los equipos de gestión que han desarrollado cada empresa, favoreciendo el know-how y las sinergias comerciales entre todas las tecnologías”. MEK Group currently controls a dozen subsidiaries and participates in two other companies, with industrial establishments in Germany, China, the United States and Mexico. The corporate leap registered since the end of 2016 has positioned them as a global supplier of components for the automotive sector . PREVIOUS READING Investment grant with ERDF funds Copyright © 2019 MEK. All rights reserved. Legal warning | Privacy Policy | Cookies policy We use our own cookies, third-party cookies and analysis of browsing habits to collect information in order to improve our services. If you continue browsing, you accept their installation. You can configure cookies in your browser, although this may cause navigation difficulties on the web. To acceptHow to configure