About Stromag
Stromag is a company based in Unna (Germany) founded in 1932 was acquired by Altra in October 2016.. Stromag operates in a competitive market with competitors including Moog, Schaffner, jinleiwind, Feubo Manufactures and Accelerate Wind, among others.
- Headquarter Unna, Germany
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Sectors
Energy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
GKN Driveline
& 1 more
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Employee Count
Employee Count
- Acquired by
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Funding Insights of Stromag
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Stromag
Stromag has secured backing from 2 investors. Prominent investors backing the company include GKN Driveline and Altra. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Designer and manufacturer of power transmission components and motion control products
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Founded Year | Domain | Location | |
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Automotive and aerospace components are manufactured by GKN Driveline.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Stromag
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Stromag
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Stromag Comparisons
Competitors of Stromag
Stromag operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Moog, Schaffner, jinleiwind, Feubo Manufactures and Accelerate Wind, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Solutions are specialized in space, defense, security, and surveillance sectors.
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| domain | founded_year | HQ Location |
EMC filters, power quality and power magnetics components manufacturer
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| domain | founded_year | HQ Location |
Manufacturer of wind power spindles
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| domain | founded_year | HQ Location |
Developer of offshore mooring components for the oil and gas and wind energy
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| domain | founded_year | HQ Location |
Power trains are developed to boost wind turbine efficiency.
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| domain | founded_year | HQ Location |
Manufactures winches and systems for safe height access in various sectors.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Stromag
When was Stromag founded?
Stromag was founded in 1932.
Where is Stromag located?
Stromag is headquartered in Unna, Germany. It is registered at Unna, North Rhine-westphalia, Germany.
Who is the current CEO of Stromag?
Carl Christenson is the current CEO of Stromag.
What does Stromag do?
Stromag was founded in 1932 in Unna, Germany, where manufacturing operations are centered. The company focuses on the automotive sector, producing clutches, brakes, and various spare parts. These components are supplied for industrial and vehicle applications. Headquarters remain in Germany, supporting global distribution of engineered solutions in power transmission and control systems.
Who are the top competitors of Stromag?
Stromag's top competitors include Moog, Schaffner and Feubo Manufactures.
Who are Stromag's investors?
Stromag has 2 investors. Key investors include GKN Driveline, and Altra.
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