The Doppelmayr/Garaventa Group is the new owner of Frey AG Stans, a specialist in the field of cableway control systems that operates worldwide. This step is being taken as part of a succession plan: the company's approximately 100 staff are being taken on fully by the new owner, thereby ensuring that their substantial expertise is maintained.

Cableway specialists join forces. With retrospective effect from 1 April 2017, the worldwide specialist in cableway control systems Frey AG Stans is now a new member of the Doppelmayr/Garaventa Group. This move is being made as part of the succession plan of Peter Frey, the sole shareholder of Frey Holding AG. Integration in the group is the logical continuation of a strategic partnership between the two companies that was initiated two years ago in the form of a technology cooperation to develop new products – which have since been successfully launched on the market.