Following the sale of the majority shareholding to your British GKN team in 1977 were prohibited by The patron economical perform authorities, along with the Loss of life of Ernst Wilhelm Sachs, the sale of the organization was excluded because of a clause of his will for the next 10 years.
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Fichtel & Sachs generated its possess bicycle element teams right up until the takeover of the bicycle division by SRAM from the mid-nineties. For brake manufacturing Sachs cooperated with Modolo and in the creation of derailleurs with Weinmann and Simplex.
From the inflation 12 months 1923, the transformation into a community firm occurred. A holding corporation of the company, the Sachs GmbH, was founded in precisely the same 12 months in Munich.
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In 1987, Gunter Sachs and his brother's daughters marketed the business to Mannesmann. In 1991, the takeover was done by Mannesmann and The bulk entry of Mannesmann while in the Boge AG with the previous head office in Eitorf, which was also entirely taken in excess of two yrs later on.
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