Zurich, September 30, 2020 – As part of the growth strategy for its Bystronic business unit, Conzzeta announces the signing of an equity transfer agreement to increase the participation in DNE Laser, Shenzhen, China, from 70% to 100%.
With the acquisition of the remaining minority stake of 30%, Bystronic reduces complexity and paves the way to meet the evolving client needs in sheet metal processing in China and beyond.
According to Alex Waser, CEO of Bystronic and EC Member of Conzzeta: “In context of the current market situation and our ambitious growth plans, this is a good moment in time to take full control of DNE Laser. We further strengthen our ties as we aim to jointly realize our potentials, also by developing our market coverage across client groups as well as by making our product offering more complete to the benefit of our clients.”
Bystronic acquired an initial participation in DNE Laser of 51% in July 2016, followed by an increase to 70% in August 2019. DNE Laser contributed in 2019 net revenue of CHF 83 million to the sheet metal processing segment revenue of Conzzeta. DNE Laser will continue to operate under its own brand and with a dedicated sales and service organization for its cost-efficient laser cutting equipment to serve entry level clients, complementing the product and solution offerings of Bystronic.
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.keyboard_arrow_right
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.keyboard_arrow_right
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.