AUMOVIO sells Mechelen plant to Dumarey Group

Frankfurt-based technology company AUMOVIO plans to sell its production site in Mechelen, Belgium, to the Dumarey Group, according to a company press release dated April 20. This move is a consequence of weaker demand in the European automotive market. Production in Mechelen will be gradually relocated to other sites within AUMOVIO's own production network. The core of the agreement is the transfer of the Mechelen plant and its workforce to Dumarey, while AUMOVIO retains its customer business. Dumarey intends to continue operations in Mechelen, developing new products for other industrial sectors, and will also manufacture for AUMOVIO during a transition period. The sale, prompted by a challenging automotive market with declining volumes and price pressure, is not yet final, pending employee consultation and regulatory approvals. The purchase price was not disclosed. The site, founded in 1971 and employing around 300 people, produced solenoid valves, hydraulic and electronic control units, and wheel speed sensors for the automotive industry