FFT was founded in 1974 and is headquartered in Fulda, Germany. It provides flexible automated production lines, customized engineering design, and various smart factory solutions for the world's first-tier automobile manufacturers ("OEM"). At the same time, it also provides services for world-renowned manufacturers of auto parts, white goods, new energy batteries, lidar, flexible, lightweight fixtures, and the metal industry. In 2018, FFT's revenue exceeded 750 million euros, of which the number of new contracts in the Chinese market has nearly doubled, and there are more than 2,800 highly qualified employees worldwide.
Fosun will make full use of rapid automation opportunities in various industries in China. We use the world's leading automation technology to improve product quality, reduce costs, increase production efficiency, and improve energy consumption through automation to promote industry upgrading. Its subsidiaries, including Nanjing Nangang United, Jeve, and other companies, empower value-added and enhance their innovative smart manufacturing capabilities. Fosun will also help FFT to deploy and develop in the Chinese and global markets more effectively.
Guangchang Guo, Chairman of Fosun International, said: "We are very pleased that FFT has joined the Fosun family. Creating better products and services for customers through intelligent manufacturing and technological innovation is an important part of Fosun's global strategy. We will help each other in the future with collaborative development to enable Fosun to play an increasingly important role in the development of global smart manufacturing."
FFT CEO Manfred Hahl said: "After the closing, FFT and Fosun's management will work together on the development of FFT. With the support of Fosun, FFT will further open the Chinese market in the field of automation and pan-automation."
About Fousn
Fosun was founded in 1992. Fosun's mission is to provide high-quality products and services for families worldwide in health, happiness, and wealth businesses. Fosun International Limited is an innovation-driven consumer group that has been listed on the main board of the Hong Kong Stock Exchange (00656.HK) since 2007, with total assets of RMB715.7 billion (c.US$102.6 billion) as of December 31st, 2019 and total revenue of RMB143.0 billion (c.US$20.7 billion) in 2019. Fosun International ranks No.371 on the 2020 Forbes Global 2000 List.
About FFT
FFT Group and its holding company FFT GmbH & Co. KGaA is a flexible automated production line solution provider. As an intelligent manufacturing turnkey project provider for automotive and other non-automotive manufacturers and Tier 1 component suppliers, FFT is responsible for designing and implementing the entire production line (body-in-white production and assembly line). FFT has more than 2,800 employees, and total revenue in the fiscal year 2018 exceeded 750 million euros.