Press release BoxID: 314257 (Dätwyler Holding AG)
  • Dätwyler Holding AG
  • Gotthardstr. 31
  • 6460 Altdorf
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  • Guido Unternährer
  • +41 (41) 87519-00

Acquisition of Reichelt Elektronik by Daetwyler Completed

(PresseBox) (Altdorf, ) The Daetwyler Group in the first week of January 2010 completed the acquisition announced on 11 December 2009 of the German catalogue distributor Reichelt Elektronik.The antitrust authorities approved the transaction without imposing any restrictions. Thus, Daetwyler Holding Inc. has become the owner of Reichelt Elektronik GmbH & Co. KG headquartered in Sande(Friesland). Within the context of the annual reporting 2009, definition and attribution of the purchase price will be determined in accordance with IFRS.

For Daetwyler, the acquisition of Reichelt Elektronik (annual sales of around CHF 150 million) will mean a further spurt for growth in 2010 of its catalogue distribution business of industrial electronics, automation and computer accessories. This acquisition fits in with Daetwyler's consistent strategy of strengthening the development of its trading activities, thereby further upgrading previous acquisitions as well as the core business of its Technical Components Division.

Reichelt (

Reichelt Elektronik GmbH & Co. KG is a leading catalogue distributor for industrial electronics, automation and computer accessories in Germany. A basic range of more than 35,000 products, high stock availability and a 24hour delivery service are the basis for its strong market position in the Businessto-Business as well as in the Businessto-Consumer segment. With its approximately 200 employees Reichelt generates annual sales of around Euro 100 million (CHF 150 million). As much as 70% of all orders are generated through the web shop. The company, headquartered in Sande (Friesland) with a stateoftheart logistics centre has since 1990 been continually developed by its ownermanager Angelika Reichelt.

Dätwyler Holding AG

The Daetwyler Group is an international multiniche player dedicated to supplying and distributing engineering and electronic components to industry. In its activities, the Group focuses on attractive markets and niches that offer opportunities to increase value added and sustain profitable growth. Daetwyler's four divisions -Cables, Rubber, Pharmaceutical Packaging and Technical Components - are focused on the manufacturing, pharmaceutical and datacom industries. Our strategy is built on delivering innovative solutions and positioning ourselves as a competent development partner for our customers. With more than 40 operating companies, sales in over 80 countries and some 4,500 employees, Daetwyler generates approximately CHF 1,200 million in revenue. The Group has been listed on the main board of the SIX Swiss Exchange since 1986 (security number 3048677).