Conzzeta: Closing of Otto Bock Kunststoff acquisition
September 01, 2017 at 01:00 am EDT
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EQS Group-Ad-hoc: Conzzeta / Key word(s): Takeover
Conzzeta: Closing of Otto Bock Kunststoff acquisition
01-Sep-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
Acquisition in FoamPartner business unit Conzzeta closes agreement to acquire Otto Bock Kunststoff
Zurich, September 1, 2017 - Conzzeta announces the closing of the agreement to acquire Otto Bock Kunststoff. Following the announcement on July 21, 2017, Conzzeta assumed full control as per September 1, 2017, with corresponding first-time consolidation.
The transaction reflects Conzzeta's defined growth strategy. It adds significant global scale to its FoamPartner business unit, with additional growth opportunities, particularly in Asia and North America. The product portfolios of Otto Bock Kunststoff and FoamPartner are largely complementary and combine to form a global leader in polyurethane-based foam materials for modern mobility solutions. The transaction also enhances the capabilities and offerings within FoamPartner's Specialties and Living & Care market segments.
For queries and further information, please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications
Phone: +41 44 468 24 49; media@conzzeta.com
About Conzzeta
Conzzeta is a broadly diversified Swiss group of companies. It stands for innovation, reliability and a long-term perspective. Conzzeta strives for leading positions in its target markets, above-average growth and long-term value creation. Over 4200 employees at more than 60 locations worldwide are dedicated to offering customers innovative solutions in Sheet Metal Processing, Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing. Conzzeta is listed on the SIX Swiss Exchange (SIX:CON).
Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=JTVTWMIMCR Document title: Closing acquisition Otto Bock Kunststoff End of ad hoc announcement
Language:
English
Company:
Conzzeta
Giesshübelstrasse 45
8045 Zürich
Switzerland
Phone:
+41 44 468 24 49
Fax:
+41 44 468 24 53
E-mail:
info@conzzeta.com
Internet:
www.conzzeta.com
ISIN:
CH0244017502
Valor:
A117LR
Listed:
Regulated Unofficial Market in Berlin, Stuttgart; Open Market in Frankfurt; SIX Swiss Exchange
Bystronic AG, formerly Conzzeta AG, is a diversified Switzerland-based holding company engaged in industrial, as well as consumer products sectors. The Companyâs activities are structured into three main segments: the Sheet Metal Processing segment (Bystronic) offers solutions for the processing of sheet metal and other sheet materials; the Chemical Specialties segment develops, manufactures and processes special foam materials (FoamPartner) and provides overprint varnishes and laminating adhesives for the graphical and packaging industries (Schmid Rhyner), and the Sporting Goods segment (Mammut) develops and markets climbing, mountaineering, hiking, mountain training and winter sports equipment.
BYSTRONIC AG 
