13.04.2017
Schweizer Electronic AG DE0005156236
DGAP-News: Schweizer Electronic AG: Strategic Partner WUS increases stake into SCHWEIZER
DGAP-News: Schweizer Electronic AG / Key word(s): Miscellaneous
Schweizer Electronic AG: Strategic Partner WUS increases stake into
SCHWEIZER
13.04.2017 / 14:33
The issuer is solely responsible for the content of this announcement.
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Schramberg, April 13, 2017 - Following three years successful strategic
partnership and co-operation in the High Frequency (HF) segment between WUS
Printed Circuit (Kunshan) Co., Ltd. and Schweizer Electronic AG, Schramberg,
the companies WUS Printed Circuit (Kunshan) Co., Ltd., China and WUS Printed
Circuit Co., Ltd., Taiwan, acquired shares of SCHWEIZER by their respective
subsidiaries as follows: WUS Printed Circuit (Kunshan) Co., Ltd. acquired
15.24% and now holds 19.74% of SCHWEIZER's shares, WUS Printed Circuit Co.,
Ltd, Taiwan acquired 10.16 %. The equity stake was purchased from the share
pool of the Gerhard Schweizer family line. Closing of these transactions is
subject to the conditions precedent of antitrust approval.
WUS thus underpins its firm belief in SCHWEIZER's technological competence
and its strong interest in the company's future prospects. This step further
strengthens SCHWEIZER's partner network.
WUS Printed Circuit (Kunshan) Co., Ltd has been engaged in the design and
manufacturing of printed circuit boards since April 1992. Thanks to the
teamwork and effort of all its stakeholders, WUS has become one of the
leading brands in the PCB industry.
Following its product differentiation strategy, WUS focuses on providing
value to its customers through technology, quality and service. The
company's' core products include high layer count PCBs for telecommunication
and network equipment, automotive electronics, industrial automation
controls and aviation electronics. With about 8,200 employees WUS achieved
sales of 489 million euros in Fiscal Year 2016 ending December.
"Our partnership and cooperation with SCHWEIZER bear a win-win solution for
both companies as well as for our customers in order to face our common
challenges. Therefore we decided to buy the additonal equity stake allowing
us to further participate in SCHWEIZER's business results and to share risks
as well as positive outcomes with our partner," says Chris Wu, President of
WUS Printed Circuit (Kunshan) Co., Ltd.
And he adds, "We believe in the coming decade, autopiloting and
electrification of automobile will be among the key technologies that
revolutionise people's way of living. In the past three years, through
technology transfer and co-operation in HF PCBs for ADAS radar, both
companies have built a solid foundation of mutual trust, understanding and
respect. We are honoured to be invited to participate in this additional
equity stake of 15.24% share transfer opportunities, and look forward to
deeper co-operation to make these technologies available to more people in a
much shorter time than we all expected."
Nicolas Schweizer, Chief Technology Officer of Schweizer Electronic AG,
comments: "Only 3 years ago, in April 2014, SCHWEIZER and WUS agreed on
their exclusive, long-term strategic partnership which allows us and our
customers access to further HF production capacities in Asia. This was
followed by WUS' first investment into SCHWEIZER just 4 months later. Now,
we are very pleased about this further capital transaction since it enhances
WUS' strong interest in exploiting the business opportunities on the global
automotive market together with SCHWEIZER. As leading manufacturer of sensor
and power PCB solutions especially requested for tomorrow's autonomous cars
and for e-mobility, we believe in the strong synergies resulting from the
co-operation between our companies".
About Schweizer
Schweizer Electronic AG stands for state-of-the-art technology and
consultancy competence. SCHWEIZER's premium printed circuit boards and
innovative solutions and services for automotive, solar, industry and
aviation electronics address key challenges in the areas of Power
Electronics, Embedding and System Cost Reduction. Its products are
distinguished for their superior quality and their energy-saving and
environmentally-friendly features. Together with its partners WUS Printed
Circuit (Kunshan) Co., Ltd., Meiko Electronics Co. Ltd. and Elekonta Marek
GmbH & Co. KG the company offers in its division electronics cost- and
production-optimised solutions for small, medium and large series. Together
with its partner Infineon Technologies AG, SCHWEIZER plans to jointly tap
the chip embedding market in future.
With 787 employees SCHWEIZER achieved sales of 116.1 million euro in Fiscal
Year 2016 (ending December). The company was founded in 1849, is managed by
family members and listed at the Stuttgart and Frankfurt Stock Exchanges
(ticker symbol "SCE", "ISIN DE 000515623").
For further information please contact:
Christina Blake
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213 E-mail: [email protected]
Fax: +49 7422 / 512-777-213 Please visit our website: www.morethanPCBs.com
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13.04.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Germany
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: [email protected]
Internet: www.schweizer.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General
Standard), Stuttgart; Regulated Unofficial Market in
Tradegate Exchange
End of News DGAP News Service
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564919 13.04.2017
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