Datwyler to sell Maagtechnic specialist distribution business to Eriks
On 10 February 2014, the Datwyler Group signed an agreement with the Dutch-based Eriks Group to sell all Maagtechnic specialist distribution companies in the Technical Components Division. Completion of the agreement is expected in April 2014 after the customary regulatory conditions have been met. The parties have agreed not to disclose details of the transaction.
Focus on profitable and fast-growing electronics distribution
By selling the Maagtechnic specialist distribution business, Datwyler is systematically continuing the process initiated by the Group in 2012 to focus on profitable and fast-growing operations in the Technical Components Division. Maagtechnic will be better able to leverage its strong position in the Swiss market as part of the pan- European Eriks Group with its wide range of products and services. Datwyler is now focusing its Technical Components Division on the distribution of electronic, automation and ICT components and accessories. By engaging in both wholesale (Nedis) and online distribution (Distrelec / Elfa, Reichelt), Datwyler controls the entire value chain from the manufacturer to the end consumer in certain product categories. After selling Maagtechnic, the Datwyler Group will consist of two divisions focused on clearly defined core competencies and markets.
"By focusing on electronics distribution, we are also optimising the conditions for profitable growth in the Technical Components Division. We intend to compensate for the revenue lost through the sale of Maagtechnic by making acquisitions. Electronics distribution is a consolidating market, and we consider acquisition targets on an ongoing basis", says Paul Hälg, CEO of the Datwyler Group.
Maagtechnic: specialist advice and standard range for trade and industry
As a technical distribution, manufacturing and service company, Maagtechnic serves the markets in Switzerland, southern Germany and the French region of Rhône-Alpes with a workforce of about 580 people and five operating companies. Its revenue for 2013 was approximately CHF 150 million with a below-average EBIT margin compared with the rest of the Datwyler Group. The company offers specialised technical advice and is a development partner for custom problem solutions (OEM business) in the areas of rubber and plastics technology, fluid and power systems, connectors, personal protective equipment and maintenance products. In addition, Maagtechnic offers a standard range of more than 90,000 items, making it a reliable service and logistics partner for the MRO (maintenance, repair and operations) segment.
Annual Press Conference and Analyst Conference 27 February 2014
Annual General Meeting 8 April 2014
Interim Report 2014 14 August 2014
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, automation and ICT components and accessories. The Sealing Solutions Division is a leading supplier of customised sealing solutions to global market segments, such as the automotive, pharmaceutical and civil engineering industries etc. 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 1,400 million. The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).
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