Public relations

Streamlining of shareholder structure at GG Group – Gebauer & Griller Kabelwerke: Assumption of shares held by Tichy family

Following the strategic consolidation of the globally operating group of companies successfully completed in 2020, where several production sites and the company's elevator division were carved out, GG Group recently took further steps to expand its position on the Chinese market. The opening of the Regional Customer Service Center at the Shanghai site has now been followed by an optimization of the shareholder structure at GG Group.

 

The 20% shares held since the death of the company founder Karl Griller in 1965 by his daughter Elisabeth Tichy and her family were transferred to the existing shareholder groups around Friederike Jacquelin, Gerhard and Stefan Griller on October 7, 2021. Together with the fourth of the original five family tribes (with Rafaela Neumayer and Thomas Messner), the family continues to develop the company.

 

„After longer and thoughtful preparations, the owner family of GG Group has decided to reduce the size and rejuvenate the shareholder structure. We are thus ending an era of many years of good cooperation with the Tichy family. Together, we have steered the fortunes of the Austrian family-owned company over many decades and accompanied its path of change to become today's globally active group of companies. We respect the decision of our departing family members and thank them for the many years of successful cooperation as well as the respectful and constructive discussions on the transfer of shares. This is a farewell from the circle of shareholders, but not on a personal level," said Nikolaus Griller, Chairman of the Shareholders' Committee of GG.

 

„The change in ownership within the existing shareholders will of course not have a negative impact on current business processes. By reducing the number of acting players, the decision-making of the Shareholders' Committee with regard to strategic adjustments to dynamic market developments in the automotive sector will gain even more flexibility, which will allow us to respond more agilely to our customers' needs in the future," adds Eva Schinkinger, CEO of GG Group.


About GG Group (Gebauer & Griller)


We, GG Group, are a global group of companies that has been producing technically high-quality cables, wires and harnesses for the automotive industry and various industrial sectors for more than 80 years. We focus on e-mobility, autonomous driving and digitalization, being important drivers of innovation and development in our industry. Cutting-edge technology is what GG is about and a result of being a pioneer and innovator in energy and data transmission for many years.


Good is not enough for us. We strive for excellence in everything we do and therefore we are not satisfied until we achieve the best. Together with our customers, we work with passion to develop innovative and intelligent solutions for their challenges.
Our success is based on providing high-quality products but also on our strong focus on everybody involved in this process. With more than 4000 employees at 11 locations worldwide, GG Group is one of Austria's most successful family-owned industrial companies.

 

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Nikolaus Griller, Chairman of the Shareholders' Committee and Member of the Supervisory Board

Eva Schinkinger, CEO GG Group

 

Photo credits: GG Group (Gebauer & Griller)

 

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