Automotive supplier Stabilus plans 2014 IPO-Reuters


(Reuters) – German automotive and industrial supplier Stabilus GmbH is planning a flotation in 2014, it said in a statement on Friday.

As part of the initial public offering, current private equity owner Triton will place shares and Stabilus will also place new shares from a capital increase of 65 million euros ($90 million).

The company, headquartered in the town of Koblenz, develops and produces electromechanical drives, gas springs and dampers. It employs around 4,000 people