Morat Swoboda Motion, a joint venture between Swoboda and the Franz Morat Group, was founded in 2018. The company's core business is the development and production of drive components and systems for all mobile electro-motor applications.
Since its foundation, MSM has successfully acquired orders worth several hundred million euros in the field of e-bikes and e-automotive. However, due to the high volatility in the e-mobility sector, a large part of the planned sales failed to materialize this year. In addition to considerable investments, additional liquidity requirements for the operating business were now necessary, which could no longer be covered.
The two parent companies Franz Morat Group and Swoboda are not affected by these insolvency proceedings. All existing MSM orders are to continue to be executed as planned
About Swoboda:
Swoboda develops and manufactures high-precision, innovative components and systems for the automotive future. For many years, the family-owned company has been one of the world's leading development and system partners in its industry and supplies well-known international automotive manufacturers (OEMs) and automotive suppliers. With over 4,000 employees at twelve locations, the company generated more than 500 million euros in sales in the last fiscal year. Swoboda manufactures on three continents in six countries: the United States, Mexico, Germany, the Czech Republic, Romania and China. German locations are Wiggensbach/Allgäu, Schorndorf/Stuttgart, Fürth and Karlsruhe. www.swoboda.com
About the Franz Morat Group:
With 112 years of experience in gear and drive technology, the Franz Morat Group combines expertise in cutting gear technology and plastic injection moulding technology under one roof. The long-established Eisenbach-based company employs around 700 people and, in addition to its headquarters in the Upper Black Forest, operates subsidiaries in the United States, Poland, Mexico and Turkey. Framo Morat's gear parts and drive systems, most of which have been developed to meet customer requirements, are used, for example, in mechanical engineering, rehabilitation equipment technology or intralogistics, while F. Morat's focus is on plastic components and systems for the automotive industry. www.franz-morat.com