Acquisition of MAN's cable harness business in Poland
Acquisition of MAN Nutzfahrzeuge AG's cable harness business from MAN Star Trucks & Buses Sp. z.o.o. in Poland. PKC's Polish subsidiary, PKC Group Poland Sp. z.o.o. will continue the operations.The acquisition brought a significant addition to PKC's customer base as MAN Group became PKC's customer on the basis of long-term supplier agreement signed at the same time.
At the time of the acquisition the cable harness production business
employed about 800 employees and its net sales in 2008 were about EUR 70 million. The aquired business transferred to PKC and was included in PKC's consolidated financial statements as from 31 December 2008.