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Swoboda expands its expertise: Acquisition of ISZ GmbH and PST GmbH Karlsruhe

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Schornddor/Karlsruhe. Oct. 18. Swoboda, globally established automotive component supplier, has recently acquired the Karlsruhe-based companies Ingenieur-Systemgruppe Zahn GmbH (ISZ) and Peter Systemtechnik GmbH (PST). The technology company is ultimately expanding its expertise in the development and electronic sectors.

Swoboda keeps on growing. To seize the opportunities being offered by the profound transformation of the automotive industry, the family-owned company continues to drive innovations and the development of new products and technologies. The integration of ISZ and PST, both based in Karlsruhe, marks an important milestone on Swoboda's roadmap to the future.

"The innovative technology and product portfolio of ISZ and PST is an excellent addition to our existing competencies, especially with regard to hardware and software development and network technology," says Harald Schöpp, member of the board at Swoboda responsible for engineering. "The Karlsruhe location, at the heart of one of Europe's leading economic and innovation regions, is also a tremendous basis for our activities in electromobility and highly-automated driving, which from now on will be decisively shaped by our two new companies." The proximity to the Karlsruhe Institute of Technology (KIT) offers not only access to the latest scientific findings but also excellent opportunities for the planned expansion of the new location through the creation of additional jobs.

Frank Zahn, former managing partner of ISZ and PST, will continue to assume responsibility in the capacity of managing director. "The merger with Swoboda is creating long-term development and growth perspectives, and also the potential to use and advance our existing knowledge. It gives me great pleasure to be able to play an active part in the development of the two companies within the Swoboda Group," says Frank Zahn.

About Ingenieur-Systemgruppe Zahn and Peter Systemtechnik:
Ingenieur-Systemgruppe Zahn GmbH has been active for over 25 years as a hardware and firmware development service provider for renowned national and international automobile manufacturers and suppliers. In addition to its service business, it develops and produces its own products in the field of vehicle networking and accident data acquisition. For a number of years, ISZ has also been involved in the development of assemblies and devices in the field of medical technology. Since 1994, its sister company – Peter Systemtechnik GmbH – has been producing customized prototypes as well as small and medium-sized series of electronic components and highly complex devices for both the automotive industry and for renowned national and international medical technology customers. Both companies are certified to ISO 9001:2015 and EN ISO 13485:2016 (medical technology). PST is also certified by the Federal Motor Transport Authority for manufacturing automotive control units.

About Swoboda:
Swoboda develops and manufactures high-precision, innovative components and systems for the automotive future. The family-owned company has for many years been one of the world's leading development and system partners in its sector and supplies the renowned international automobile manufacturers (OEM) and automotive suppliers (tier). With over 4,000 employees at twelve locations, the company generates more than €400 million in sales. Swoboda has plants in six countries on three continents: Germany, Romania, Czech Republic, Mexico, USA, and China. German locations are Wiggensbach/Allgäu, Schorndorf/Stuttgart, Karlsruhe and Fürth.

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Head of Corporate Communications
Max-Swoboda-Straße 1
87487 Wiggensbach
Tel.: +49 (0) 8370 910- 4057
Mobile: +49 (0) 151 703 24696

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