Metall Zug Group consummates acquisition of majority stake in adaptronic Prüftechnik GmbH

Zug, January 4, 2018 – Schleuniger Holding AG, a member of the Metall Zug Group, has successfully completed the acquisition of 60% of adaptronic Prüftechnik GmbH, based in Wertheim, Germany.

By acquiring adaptronic as of January 4, 2018, Schleuniger is adding customized solutions for testing cable harnesses, connectors and assemblies for the aviation, astronautics, railway, technology, automotive, automation technology and industrial sectors to its existing range.

As announced in the press release of November 13, 2017, relating to the acquisition of adaptronic, the remaining 40% will continue to be held manly by adaptronic’s founder and current principal owner, Peter Müller, and to a lesser extent by the current minority shareholder Stefan Friedrich.

About the Schleuniger Group

Schleuniger is a globally active technology group and a leading supplier in the wire processing industry. Its products are used whenever highly precise wire processing and safe contact systems play a central role. Schleuniger has a comprehensive portfolio of products: It includes semiautomatic and fully automatic machines as well as peripheral devices and test equipment, tools, software and service products covering the entire spectrum of wire processing and cable harness production. Its software solutions offer value chain networking in wire production machines. Thus Schleuniger helps its customers to continually improve their productivity. The Schleuniger Group employs a workforce of some 900 worldwide, including more than 30 trainees.

About the Metall Zug Group

Metall Zug is an industrial group of companies headquartered in Zug, comprises three business units and has a workforce of around 4 200 employees. The Household Appliances Business Unit includes the Swiss market leader V-ZUG AG with its foreign subsidiaries and V-ZUG Kühltechnik AG, SIBIRGroup AG and Gehrig Group AG. The Infection Control Business Unit is represented by the Belimed Group, and the Schleuniger Group makes up the Wire Processing Business Unit. The holding company Metall Zug AG is listed in the Swiss Reporting Standard of SIX Swiss Exchange in Zurich (type B registered shares: securities number 3 982 108, ticker symbol METN).

Disclaimer

The expectations expressed in this press release are based on assumptions. Actual results may vary from those anticipated. This press release is published in German and English. The German version is binding.

Key dates
March 22, 2018	Publication of results for 2017
May 4, 2018	Ordinary General Meeting of Shareholders
August 20, 2018	Publication of results for the first half of 2018

Further information
Daniel Keist	Christian Arnold
Chief Financial Officer	Head of Corporate Communications & IR
Phone: +41 (0)58 768 60 50	Phone: +41 (0)58 768 60 50

This press release is available at www.metallzug.ch/en/media/press-releases/.

Downloads

Press Release (PDF)