Booster Precision Components, Frankfurt, has sold its French subsidiary in Thyez to Sino-French group OMV System. It had been acquired by Halder in 2011 as a part of CCN, a specialist for precision components used in exhaust turbochargers. In 2016, CCN and portfolio company PRAE-TURBO were merged to form Booster group with more than 1.000 employees.
Business in Thyez is based on small to medium-sized orders from European clients. In 2017, it had a staff of 140 and revenues of € 18 million following the consolidation of two existing manufacturing facilities. The new shareholder plans to leverage the firm’s core strengths in precision metal-working for growth.
Booster’s group strategy focuses on large volume orders from global players in the turbocharging market, e.g. Honeywell, Borg Warner and IHI. With production facilities close to clients, European orders are served from Germany and Slovakia while Booster’s overseas manufacturing network will be aligned to growth potential in the Americas and Asia.