Austria-based Action Composites has announced its acquisition of thyssenkrupp Carbon Components (tkCC) GmbH.

Financial details of the transaction have not been disclosed.

thyssenkrupp Carbon Components was founded in 2012 and makes composite rims for sports cars, motorbikes and chassis components, while Action Composites, founded in 2011, makes automotive composites sector and has annual sales of around €70 million with around 1,800 employees at four locations.

‘For Action Composites, the purchase of tkCC is a further step towards quickly achieving global market leadership in the field of CFRP [carbon fiber reinforced polymer] wheels (motorcycle and passenger car),’ said Christine Beuleke, managing director of Action Composites. ‘The location in Saxony, with its proximity to the Technical University of Dresden, forms an excellent basis for the Action Composites Group's new technology and testing center. A special focus here is on the development of sustainable materials and production processes.’

This story uses material from Action Composites, with editorial changes made by Materials Today.