Capital Markets Day 2022
In the presentation, we provided an insight into the main sources of organic growth of our three Business Groups: Industrial Brakes, Industrial Actuators and Controls and Automotive. China, where all three Business Groups are active, had a separate update.
We also announced the split of the Automotive Group into two units: Automotive ‘Core’ and Automotive ‘E’. 'Core' will have a disciplined focus on existing technologies for vehicles with an internal combustion engine (ICE). Automotoive 'E' will concentrate on opportunities related to the transition towards Autonomous, Connected, Electrified and Shared mobility (ACES).
The new organizational structure, which will be operational per 1 January 2023, is expected to allow Kendrion to further strengthen its position in the Automotive market and benefit from the megatrend towards cleaner energy and electrification.
The participants also had the chance to view, experience and talk to our experts about our products: brakes for cobots, our Phantone sound systems and several solenoids and controls systems.