Sale of the Datwyler specialist distribution business to Eriks completed

(PresseBox) ( Altdorf, )
On 1 April The Datwyler Group closed the sale of the specialist distribution business Maagtechnic, which was announced on 11 February. The antitrust authorities approved the transaction without imposing any restrictions. Thus, all terms of the contract have been fulfilled and the Dutch Eriks Group has become the owner of all companies of the former specialist distribution business Maagtechnic. The parties agreed not to disclose the details of the transaction.

Following the sale of the specialist distribution business Maagtechnic, the Datwyler Group now consists of two divisions with strong growth and margins and a focus on clearly defined core competencies and markets. The Technical Components division from now on will concentrate on the distribution of electronics, automation and ICT components. With the synergetic business models Online Distribution and Branded Wholesale, the European markets are covered. The Sealing Solutions Division is a leading supplier of high quality sealing solutions to global market segments, such as the automotive, health care, civil engineering and consumer goods industries. The 2013 results have proven that the clear strategic focus is worthwhile and helps to strengthen the Group's earning power.
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