Conzzeta: Acquisition within Sheet Metal Processing
24 October 2016 - 4:00PM
Conzzeta AG / Conzzeta: Acquisition within Sheet Metal
Processing . Processed and transmitted by Nasdaq Corporate
Solutions. The issuer is solely responsible for the content of this
announcement.
Expansion of the Sheet Metal
Processing business
Conzzeta to
acquire FMG, Sulgen, Switzerland
Zurich, October 24, 2016. -
Conzzeta today announces the signing of a binding agreement to
acquire all shares of FMG Fördertechnik and FMG Verfahrenstechnik,
Sulgen, Switzerland. The closing of the transaction is planned
until the end of 2016. It will complement the product offering of
Bystronic, the Sheet Metal Processing business of Conzzeta, with
integrated high-bay warehouse solutions and handling systems.
Since 1989, FMG specializes in
warehousing, material handling, and sorting systems. With
approximately 20 employees it generated net revenue of CHF 6
million in 2015, supporting clients with innovative end-to-end
solutions in process and production engineering.
Alex Waser, CEO of Bystronic and
Member of the Group Executive Committee of Conzzeta comments:
"Within sheet metal processing, the automation of production
processes is becoming an important success factor. By joining
forces, we merge the know-how from machinery construction, process
engineering and automation. This enables us to offer clients around
the world seamless solutions from a single source."
For further information please
contact:
Michael Stäheli, Head Investor Relations & Corporate
Communications
Phone +41 44 468 24 49
media@conzzeta.com
About
Conzzeta
As an international holding company with diverse interests,
Conzzeta strives to achieve leading positions in its target markets
and build a business portfolio with above-average growth and
long-term value creation. The Conzzeta Group companies are "best
choice" for customers, offering innovative solutions in Sheet Metal
Processing, Sporting Goods, Foam Materials, Graphic Coatings and
Glass Processing; the Group has 3,500 employees at more than 60
locations worldwide. Conzzeta is listed on the SIX Swiss Exchange
(SIX:CON).
The Media Release can be
downloaded from the following link:
Media release (PDF)
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Conzzeta AG via Globenewswire
--- End of Message ---
Conzzeta AG
Giesshübelstrasse 45 Zürich Switzerland
ISIN: CH0244017502;
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