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Aiming at the global automotive industry, Boltun has invested EUR45 million in acquiring 85.71% of shares of German old brand- ESKA Automotive GmbH (ESKA). The transaction has been completed on August 4, which is expected to be reflected on the revenue of August. To review the revenue of ESKA last year reaching EUR70 million, its revenue in the second half of this year will be over EUR1 billion. ESKA is a professional fastener supplier for production and sales of bolts and screws, with critical cold forging technology. It is able to produce high precision screws with high tensile strength including customized/standard bolts and screws applied to car engines, transmission systems, and automotive spare parts. Products are usually sold to the automotive industry.

 

Boltun’s Spokesman Hsu says, ESKA is a small-to-medium-size family enterprise and has been in the industry for over a hundred years. As there was no 2nd generation to take over the business, its business transformation seemed to be difficult, the company was, accordingly, put for sale.

 

ESKA has been a customer of Boltun for a long time and part of Boltun’s products are sold to Europe through ESKA. The similarity of customers bases of both parties is quite low; ESKA’s major products are mostly sold to 3 major car makers in Germany (close to end users), while Boltun sells products to the end-user market through distributors.

 

ESKA’s profit is stable. Its revenue in 2011 reached EUR79.14 million (profit at EUR1.9 million). Although it was stricken by the European debt crisis in 2012, its revenue still reached EUR77.78 million (profit at 620.9 thousand). In 2013, due to the proper adjustment in the company’s operation, its revenue reached EUR75.99 million (profit bounced back to EUR2.82 million). After August 4, Boltun started to consider the revenue of ESKA as its own revenue. It is expected that the revenue contributed by ESKA this year will be over EUR1 billion.

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