News

In October, there was an unauthorized external access to a server at ETO MAGNETIC GmbH in Stockach. The affected customers and suppliers were notified immediately. Data protection and regulatory authorities were also notified promptly.    

Picture: AI-generated

For decades, we have been developing and manufacturing electromagnetic drive components, sensors, solenoid valves, electric motors, and electronic modules for customers in the mobility and industrial sectors. We are currently realigning our business through a consistent local-for-local strategy, standardized development platforms, and a group-wide common-parts strategy. This transformation is delivering positive results. At midyear 2026, both revenue and earnings were slightly above plan.   

Picture: CFO Hubertus Stroetmann, CEO Volker Gross und COO Patrick Boos (v.l.n.r.)

As of July 1, 2026, Frank Heppner, as Vice President of Production & Internal Logistics, has been responsible for the ETO GRUPPE’s production and internal logistics division. The position was newly created last year as part of the company’s transformation. At the same time, he was granted power of attorney and was appointed to the executive board of the internationally active corporate group. The new structure also strengthens the German locations in Stockach, Nuremberg, and Vaihingen an der Enz.  

Picture: Vice President Production & Internal Logistics Frank Heppner

• Stabilization of the company's situation and securing of financing
• Implementation phase to launch at the start of 2026
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• Experienced restructuring expert Volker Groß to take over as CRO (Chief Restructuring Officer) in 2026  
  

Dr. Schwabe has been CEO of the ETO GRUPPE since 2011 and has played a key role in shaping the company during this time. ETO GRUPPE would like to express its sincere appreciation to Dr. Schwabe for his many years of service and great commitment.