Hutchinson, a global manufacturer of intelligent technical solutions for comfort, safety and energy efficiency primarily for the automotive and aerospace industries, has completed the acquisition of PFW Aerospace.
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Hutchinson has reached an agreement with Airbus SE and Safeguard to acquire Speyer, Germany-based PFW Aerospace GmbH, a company which manufactures tubes, ducts, as well as structural assemblies and components for aircraft and mainly supplies Airbus and Boeing.
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At the yearly “Finanzsymposium” in Mannheim, the biggest finance congress of the DACH-region, the finance department of PFW Aerospace GmbH presented in collaboration with HSBC their recently implemented “Receivables Finance Program”. It provides PFW a maximum of flexibility regarding Working Capital – Management.
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