The Group is a world leader in the design, production and distribution of the motor core (stators and rotors) for electric motors and generators, with a market share of approximately 51% as of the Prospectus Date in North America and Europe in the electric vehicles’ traction segment. Given a number of secular mega trends affecting the markets served by the Group as well as superior performance of its products, the Group is well positioned to lead the global energy transition wave. The Group benefits from powerful positive trends including increased global focus on sustainability and zero-carbon objectives, energy transition leading to increasing use of renewables, supportive regulatory framework for the adoption of EVs paired with consumers’ increasing acceptance of these vehicles, energy efficiency requirements for the Industrial segments as well as a shift from hydraulic and pneumatic to electric actuators. Electric motors are the single biggest consumer of electricity globally. The Group’s business is organized along two segments: EV & Automotive, which produces the motor core of electric motors used in electric vehicles traction (representing approximately 15-20% of the overall cost of electric motors according to Company estimates) as well a wide range of non-traction automotive applications; and Industrial, which produces products used in various applications including, among others, industrial applications, home automation, HVAC equipment, wind energy, logistics and pumps. The Group is also vertically integrated in the design and production of blanking dies and die-casting moulds used in the production of its own products which are also sold to third parties.
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