Datwyler completes the sale of Distrelec and Nedis.
Ad hoc announcement pursuant to Art. 53 LR SIX Swiss Exchange | March 16, 2020
On 16 March 2020 Datwyler closed the sale of the distribution companies Distrelec and Nedis, which was announced on 23 December 2019. The antitrust authorities approved the transaction without imposing any restrictions. Thus, all terms of the contract have been fulfilled and the German Aurelius has become the owner of all companies of Distrelec and Nedis. The parties agreed not to disclose the details of the transac-tion. For the sale of Reichelt, Datwyler takes the time to evaluate further options to optimise value.
High-bay warehouse in the distribution centre of Distrelec & Nedis
The Datwyler Group is now focusing on the fast-growing, high-margin sealing business for attractive global markets. Based on recognised core competencies, Datwyler has become a valued development partner for high-quality, system-critical sealing components in the Healthcare and Automotive industries and beyond. Thanks to strong market positions, new product lines, targeted use of resources, ongoing efficiency-improvement programmes and the strategic priorities it is pursuing, Datwyler is well positioned to cope with the challenges the future will bring and aims to achieve profitable growth above the average of the markets it serves. With the Healthcare and the Nespresso businesses, the company is earning more than half the revenue of the future core business in low cyclical markets that are growing steadily.
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Guido Unternährer
VP Financial Communication & Investor Relations
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