KAPFENBERG, Austria--(BUSINESS WIRE)--Pankl Racing Systems AG focuses on the development and production of engine and drivetrain systems for motor racing, high performance vehicles and aerospace. Its US-subsidiary Pankl Engine Systems, Inc. acquires the California based crankshaft supplier Superior Crankshaft LP ('SP').
The company is based in Irvine, California, and was founded by Mr. Gerold Pankl in 2004. SP produces crankshafts for the high end motor racing market. Its customers are teams from all major racing categories, such as F1, Nascar, Le Mans prototypes, DTM. Mr. Gerold Pankl founded Pankl Racing Systems AG in 1985 and was its major shareholder until 2004. Health reasons are the major factor for the 2 companies he both founded to be brought together.
'This takeover is a further step to extend our product portfolio in the engine division. We can now provide our customers with full systems capabilities for the entire crank assembly. SP has built market leadership in the high end market. In the area of product development, we have already been working together very closely. In many customer projects our engine components (connecting rods, screws, pistons, piston pins and bearing shells) are combined with SP crankshafts. For these reasons we consider this acquisition a logical further step,' explains Wolfgang Plasser, CEO of Pankl Group.
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| Language: | English | |
| Company: | Pankl Racing Systems AG | |
| Industriestraße West 4 | ||
| 8605 Kapfenberg | ||
| Austria | ||
| Phone: | +43 3862 33 999 -317 | |
| Fax: | +43 3862 33 999 -810 | |
| E-mail: | ||
| Internet: | ||
| ISIN: | AT0000800800 | |
| WKN: | 914732 | |
| Listed: | Freiverkehr in Berlin, Düsseldorf, Hamburg, München, | |
| Stuttgart; Open Market in Frankfurt; Wien (Amtlicher Handel / | ||
| Official Market) |
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