Daetwyler Group integrates Kaved AG into Daetwyler Cables

Altdorf, (PresseBox) - Retroactively as of 1 January 2008, the Daetwyler Group will in March 2008 be integrating the current Daetwyler company Kaved AG, Altdorf, into Daetwyler Cables, a Unit of Daetwyler Switzerland Inc., Altdorf. The present Kaved AG will become part of the Daetwyler Cables Harnessing business. The name and brand Kaved will be replaced by Daetwyler Cables. The harnessing product range and services as well as logistics and systems solutions remain unchanged.

This merger will lead to operational as well as financial synergies. Specifically, in integrating Kaved into Daetwyler Cables the support functions purchasing, human resources and finance and controlling will be organisationally merged.

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).

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