Increase of participation from 51% to 70%: Conzzeta acquires additional stake in DNE Laser

Zurich, August 27, 2019 – As part of the growth strategy in the Sheet Metal Processing segment, Conzzeta announces the signing of an equity transfer agreement to increase its participation in DNE Laser, Shenzhen, China, from 51% to 70%.

The acquisition of the additional stake of 19% is consistent with the purchase agreement signed in March 2016 for the initial participation of 51%, which included the option to increase the participation. Conzzeta has decided to exercise the option after the strong profitable growth of DNE Laser since 2016. DNE laser contributed in 2018 net revenue of CHF 145 million to the Bystronic sheet metal processing business of Conzzeta.

According to Alex Waser, CEO of Bystronic and EC Member of Conzzeta: “Over the last years, we developed a highly successful collaboration between Bystronic and DNE Laser, beyond our expectations at the time. By strengthening our ties, we aim to enhance our competitive position in the important Chinese market and beyond. Together, we will accelerate the development of a global platform strategy to the benefit of our clients. “

According to Zhang Yonghong, founder and CEO of DNE Laser: “I’m excited to start our next journey with passion and ambition. We seek to realize the full potential of our collaboration as we continuously develop our products, services and organizations to meet the evolving needs of clients, both existing and potential. We also aim to build the international business of DNE Laser to write the next chapter of our success story. “


 

FoamPartner: New Converting Center for Technical Foams

Wolfhausen, November 15, 2019 – FoamPartner Fritz Nauer AG, with headquarters in Wolfhausen (Switzerland), is building a converting center for industrial foams at the company’s site in Duderstadt (Germany). The new center is scheduled to go on-stream in the first half-year of 2020 and will lead to the creation of several new jobs.

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Interim information as of the end of Q3 2019: Revenue lower in Q3 – orders at previous year’s level

Zurich, October 16, 2019 – The Conzzeta Group posted net revenue of CHF 1,136.5 million for the first nine months of 2019. On a comparable basis, i.e. at stable exchange rates and taking into account changes in the scope of consolidation, revenue fell by 7.0%. Order intake in the Sheet Metal Processing segment came to CHF 693.5 million, which was an 8.4% drop compared to the previous year.

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Extraordinary General Meeting: Special dividend approved

Zurich, September 27, 2019 – At the Extraordinary General Meeting of Conzzeta AG on September 27, 2019, shareholders approved the proposed special dividend by a large majority. 83.3% of the votes were represented.

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