Huf Hülsbeck & Fürst, leading supplier for secure car access and authorization, has concluded agreements for long-term corporate financing with its financing partners ahead of schedule in a difficult market environment. The automotive supplier has thus created scope for future growth.
"We see the successful refinancing as a further confirmation of our investors' trust in the reliably good performance of Huf – especially in these times of crisis. We are consistently driving for-ward our transformation and responding very flexibly to the numerous challenges of the volatile markets. Thus, we are able to withstand cost pressure and stay on track," said CEO Tom Graf on the occasion of the contract conclusion with the financing partners.
Despite the overall downward market trend, Huf was able to book numerous high-volume orders in the fiscal year 2022. These included orders for access systems, in particular for future-oriented e-vehicles, as well as orders for Phone as a Key. With Phone as a Key, Huf is one of the first to use ultra-wideband technology. In this way, the automotive supplier ensures a significant increase in security and comfort with this innovative solution for car access, authorization and digital key management.