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. “


 

Further step towards strategic transformation

Zurich, November 10, 2020 – Conzzeta reports the signing of a binding agreement to divest its FoamPartner business unit to Recticel, the Belgium specialist in polyurethane chemistry, headquartered in Brussels and listed on Euronext (REC), for an enterprise value of CHF 270 million. The closing of the transaction is expected in the first quarter 2021, subject to regulatory approval.

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Conzzeta Capital Markets Day: Bystronic to push innovation and market positions

Zurich, November 10, 2020 – Ernst Baertschi, Chairman of the Board of Directors of Conzzeta, will host today’s virtual Conzzeta capital markets day. Conzzeta Group CEO Michael Willome will provide an update of the Group’s strategic transformation. Bystronic CEO Alex Waser with part of his management team will present Bystronic’s strategy.

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Climbing with refugees: MAMMUT becomes a partner of the non-profit organization ClimbAID

Seon, November 5, 2020 – Mammut has entered into a partnership with the non-profit organization ClimbAID to work together on humanitarian projects allowing refugees to discover the joy of climbing. United by their shared passion for mountain sports and climbing, Mammut and the Swiss non-profit organization ClimbAID are embarking on a partnership designed to allow people affected by war, poverty and displacement to discover the joy of climbing. This long-term cooperation will focus on the implementation of humanitarian projects in Switzerland, Lebanon, Greece and beyond.

 
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