Acquisition in the Sheet Metal Processing segment

Bystronic acquires TTM Laser S.p.A. Cazzago San Martino (Italy)

Zurich, March 20, 2018 – Conzzeta has reported signing an agreement for the complete acquisition of the Italian technology company TTM Laser S.p.A., based in Cazzago San Martino, Brescia. TTM Laser has been operating since 2001; in 2017, its around 40 employees generated revenue of approximately EUR 14 million. The transaction is planned to be concluded in the coming weeks.

Bystronic, which is part of the Conzzeta Group, is a leading global provider of high-quality solutions for the sheet metal processing business. With the technologies provided by TTM Laser, Bystronic is deepening its existing offering in the process step “cutting”. TTM Laser offers 3D-applications for processing tubes with a diameter between 12 and 815 millimeters and for profiles. The two companies had previously agreed a sales partnership in November 2017.

Alex Waser, CEO of Bystronic and member of Conzzeta’s Executive Committee, commented: “In addition to the automated and networked processing of sheet metal, the additional processing of tubes and profiles is an important element for our customers to position themselves against the competition. Now that Bystronic has come together with TTM Laser, our customers are set to gain access to a unique range of technologies for their sheet metal processing. Together, we want to promote innovative manufacturing solutions.”

For further information please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications
Phone +41 44 468 24 84
media@conzzeta.com

About Conzzeta
Conzzeta is a broadly diversivied Swiss group of companies. It stands for innovation, market orientation and a long-term perspective. Conzzeta strives for leading positions in its global target markets, above-average growth and long-term value creation. More than 5000 employees at over 60 locations worldwide aim to be "best choice" for customers, offering innovative solutions in Sheet Metal Processing, Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing. Conzzeta AG is listed on the SIX Swiss Exchange (SIX:CON).


 

Interim information as of the end of Q4 2018

Zurich, February 6, 2019 – The Conzzeta Group achieved revenue growth in 2018 of 20.2% or CHF 1,782.2 million. Adjusted for currency translation effects and changes in the scope of consolidation, revenue growth amounted to 10.4%. Order intake for capital goods rose by 5.8%. 

keyboard_arrow_right

Streamlining of the business portfolio: Conzzeta is divesting its Glass Processing segment

Zurich, January 25, 2019 – Conzzeta reports the signing of a binding agreement to divest its Glass Processing segment to Glaston Corporation, headquartered in Helsinki, Finland, for an enterprise value of EUR 68 million (CHF 78 million). The closing of the transaction is expected by the end of the first quarter 2019, subject to regulatory approval. Glaston has secured committed debt and equity financing, subject to customary conditions and support of an extraordinary general meeting, respectively. 

keyboard_arrow_right

Mammut Connect: guiding wholesale into digital age

Seon, January 14, 2019 - Mammut is the first outdoor brand using NFC and also one of the first sport brands with an experience based concept behind the technology. Mammut Connect is able to connect the offline with the online world. Thereby it brings together hardware and software in one unique product. By launching Mammut Connect the Swiss outdoor company takes wholesale by the hand and guides it on a common path into digitalization.

keyboard_arrow_right