Overview
- The KOHL Group agreed Tuesday to sell AC Schnitzer to Rotterdam‑based AM Group, with the transaction expected to close in November 2026 and the purchase price undisclosed.
- The sale transfers AC Schnitzer’s technical documentation and TÜV approvals into a new German company so the brand can continue to produce certified, road‑legal parts.
- Imran Arshad has been named managing director to lead daily operations and KOHL will keep selling existing inventory through the end of 2026 while guaranteeing warranties and after‑sales support beyond that date.
- AM Group’s portfolio includes Urban Automotive and composite-capable firms that could provide design, manufacturing, and carbon‑parts expertise to modernize Schnitzer’s product line, although specific product plans have not been announced.
- The rescue reverses a March decision to wind down the business that cited rising development and approval costs, regulatory delays, weak demand, exchange‑rate pressure, and the shift toward electrification, and it preserves dealer relationships and certification assets needed to keep customers covered and parts road legal.