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Press release BoxID: 170324 (Dätwyler Holding AG)
  • Dätwyler Holding AG
  • Gotthardstr. 31
  • 6460 Altdorf
  • http://www.daetwyler.ch
  • Contact person
  • Silvio A. Magagna
  • +41 (41) 87513-04

Acquisition of the Swedish ELFA Group by Daetwyler Completed

(PresseBox) (Altdorf, ) The Daetwyler Group on 29 April 2008 completed the acquisition announced on 19 March 2008 of the Swedish ELFA Group held by Industri Kapital, Stockholm. The antitrust authorities approved the transaction without imposing any restrictions. Thus, all terms of the contract have been fulfilled and Daetwyler Holding Inc. has become the owner of the ELFA Group. ELFA ideally complements the Daetwyler catalogue distributor Distrelec, both with regard to product range as well as market presence. Within the context of the semi-annual reporting 2008, definition and attribution of the final purchase price will be determined in accordance with IFRS.

ELFA (www.elfa.se)

ELFA is the leading catalogue distributor for industrial electronics and automation in Northern Europe with over 55'000 customers relying on its services. The company markets and distributes more than 70'000 different electronics products from 650 suppliers from all over the world. ELFA has representations as well as shops in Sweden, Norway, Denmark, Finland, Poland and the Baltic states. In Russia and around ten other Eastern European countries, ELFA is represented by resellers. ELFA has 400 employees that generate sales of around CHF 180 million.

Distrelec (ww.distrelec.com)

The Daetwyler Group company Distrelec is the leading Swiss catalogue distributor in the fields of industrial electronic, automation and computer technology. Distrelec has around 370 employees and stocks a range of more than 100,000 standard products. Besides Switzerland, Germany, Austria and Italy the East European growth markets are also targeted. Together with Maagtechnic, Distrelec makes up the Daetwyler Technical Components Division.

Dätwyler Holding AG

The Daetwyler Group is an international multi-niche player dedicated to industrial component supply and distribution of engineering and electronic components. Its activities concentrate on attractive markets and niches that offer opportunities to increase value added and sustain profitable growth. Having sold the Precision Tubes Division (on 28 December 2007), Daetwyler is focusing on the industrial, construction and pharmaceutical markets with a technology portfolio based on rubber and electrical engineering. The Daetwyler Group comprises the Cables, Rubber, Pharmaceutical Packaging and Technical Components Divisons. With more than 50 operating companies, sales in over 100 countries and some 4,700 employees, the Daetwyler Group generates over CHF 1,400 million in revenue. The Group has been listed on the main board of the SWX Swiss Exchange since 1986 (security number 3048677).