Acquisition strengthens Datwyler's technology and materials expertise
Thanks to an acquisition in its Sealing Solutions division, Datwyler is strengthening and expanding its technology and product portfolio for customers in the automotive and health care industry. On 9 August, Datwyler signed an agreement to take over the company Ott (which consists of Ott GmbH & Co. KG and Ott Geschäftsführungs GmbH), which is based in Cleebronn, Germany. The deal is due to be concluded on beginning of September subject to the fulfilment of the usual conditions for completion. The parties have agreed not to disclose the purchase price.
Strong technical expertise in injection moulding
Ott, which was founded in 1989, offers exceptional specialist expertise in toolmaking and producing injection-moulded parts made from thermoplastic and liquid silicone using single- and multicomponent technology. By taking over this company, Datwyler will be able to offer an extended portfolio of products to customers in the automotive and healthcare industry. Ott employs 200 people and generates an annual revenue of around CHF 33 million, putting in on course to achieve profitable growth. The current management team will be retained to ensure continuity in the company's further development.
Chance to tap into new niche markets
Datwyler will be gaining new expertise in technology and materials following the acquisition of the company Ott. Injection moulding with thermoplastic and liquid silicone using single- and multicomponent technology offers Datwyler the chance to tap into new niche markets with potential for growth. Thanks to the divers processing methods of silicone and thermoplastic, this opens up attractive opportunities in various industries. Datwyler can therefore use the new expertise provided by Ott to increase the depth of its added value and thus satisfy specific customer requirements. The company also sees potential in combining acquired technologies with existing Datwyler technologies with a view to devising novel solutions.
Dätwyler Holding AG
The Datwyler Group is a focused industrial supplier with leading positions in global and regional market segments. With its technological leadership and customised solutions, the Group delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. The Technical Components division is one of Europe's foremost highservice distributors of electronic, ICT and automation components and accessories. The Sealing Solutions division is a leading supplier of custom sealing solutions to global market segments, such as the health care, automotive, civil engineering and consumer goods industries. With a total of more than 50 operating companies, sales in over 100 countries and some 7'000 employees, the Datwyler Group generates annual revenue of some CHF 1'200 million. The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).