The story
1951 SUSPA Suspension Technology GmbH was inaugurated and manufactured spring struts for two-wheel vehicles. 1959 SUSPA develops a damping system for washing machines which ends the irritating "bouncing". Just three years later SUSPA is the market leader. The first products for the automobile industry are gas springs for opening and closing of tailgates in 1964. 1969 SUSPA develops a height adjustment system and a positioning system for backrests of office chairs.1973–1978 SUSPA expands in Europe, Asia and America; SUSPA develops silicone-damped impact absorbers for automobiles. 1988 SUSPA diversifies to a three-component water paint system and thus protects the environment by abstaining from using solvents and amines. 1991 SUSPA develops height adjustment systems for tables and work surfaces. 1994 a new business is founded in India. The mass production of spoiler adjustment systems begins in 1999 and SUSPA becomes a system supplier for the automotive industry. One year later SUSPA produces its first crash management system and opens an assembly plant in the Czech Republic. In 2003 the production capacities in Asia are expanded. Steadily increasing price competition in the world market coupled with heavily increased material costs forces SUSPA in 2008 to stop manufacturing gas springs for chairs and to focus more on the core business (Automotive and Industry). In June 2009 the company Tyrol Equity from Austria purchases 80 per cent of the company shares. In June 2012 the Tyrolean Industry Holding sells their SUSPA shares to the private investor group Andlinger & Company GmbH.
From Wikipedia’s article on Suspa, shared under CC BY-SA 4.0.5