Schaffner Holding AG
Ad hoc announcement pursuant to Art. 53 LR
Schaffner Holding AG / Key word(s): Mergers & Acquisitions Schaffner closes sale of Power Magnetics Division Luterbach, 1 July 2021 – Schaffner Holding AG closed the sale of its Power Magnetics Division to the Swedish AQ Group today as announced. This also means that Daniel Zeidler, previously Head Power Magnetics Division, is leaving the Group Executive Board. Daniel Zeidler has made a significant contribution to the successful turnaround of the Power Magnetics Division. The Board of Directors of Schaffner Holding AG thanks him for his great commitment. The Schaffner Group will focus on its core business of EMC solutions for promising industrial markets and for e-mobility. The funds resulting from the sale of the Power Magnetics Division will be invested in the expansion of these activities. Contact Financial Calendar
Schaffner – Shaping Electrical Power End of ad hoc announcement |
Language: | English |
Company: | Schaffner Holding AG |
Nordstrasse 11e | |
4542 Luterbach | |
Switzerland | |
Phone: | +41 32 681 66 21 |
E-mail: | christian.herren@schaffner.com |
Internet: | www.schaffner.com |
ISIN: | CH0009062099 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1214601 |
End of Announcement | EQS Group News Service |