Datwyler will use the proceeds of the bond issue to repay bank loans raised to finance the strategically important acquisition of US company QSR (closing on 13 May 2022). With QSR, Datwyler will become the leading global supplier of system-critical sealing solutions for electrical connectors for various industries. QSR is an ideal fit for Datwyler in terms of strategy, core competencies and culture and will accelerate profitable growth. Several megatrends such as electrification, connectivity, the Internet of Things and Industry 4.0 offer attractive growth opportunities for QSR's seals and components in the coming years, with an expected average annual growth rate of 9%. With five plants and supporting units in the USA, Mexico and China and some 1’250 employees, QSR generated sales of USD 164 million in 2021.