This partnership is the first step in our company's next growth phase.
Jean-Luc Verstraeten - CEO of ALT Technologies
ALT Technologies was founded in 1935 and is a leading producer of key airbag components (with the focus on covers, wraps and seals). The company supplies almost all major airbag producers and has multi-annual contracts with them. This means that ALT products can be found in nearly all well-known car brands across the globe
When ambition meets ambition
We expect the airbag market to see a strong growth over the next few years. On the one hand, this growth is driven by an increasing number of ever-more stringent regulations in emerging markets, aimed at improving the safety of new vehicles. On the other hand, consumers in more mature markets are becoming increasingly aware of safety aspects. This has resulted in a higher average number of airbags per vehicle. The growing airbag market and our expertise in the automotive sector mean that this partnership perfectly fits within our Smart Industries strategy.
Together, we build a leading company
ALT has ambitious plans for growth in Asia and the United States over the coming years. Thanks to our expertise in the automotive industry, built up over many years with earlier investments in VCST, Punch Powertrain, Mackevision and Arplas, we are able to help ALT Technologies' international growth.