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Schweiter Technologies AG Hinterbergstraße 20 6312 Steinhausen, Switzerland http://www.schweiter.ch
Contact Mr Urs Scheidegger +41 41 757 77 00
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Schweiter Technologies AG

Schweiter Technologies divests its non-core Bus & Rail business

Ad hoc announcement pursuant to Art. 53 of the Listing Rules of SIX Exchange

(PresseBox) (Horgen ZH, )
The Group today announces that it has signed a binding agreement to divest its Bus & Rail (Mobility) business unit to the financial investor “Hypax”, the Berlin and London-based investment firm focused on corporate carve-outs and operational improvement. The closing is expected by July 31 subject to closing requirements. Hypax is taking over all employees and commercial contracts and is highly committed to the future growth of the Bus & Rail (Mobility) unit.

This divestment streamlines the Group’s business portfolio and further aligns it with its sharpened strategy to focus on its core businesses of lightweight composite solutions. The Bus
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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.