Ad hoc:R. STAHL AG:Ad hoc: R. STAHL takes over Clifford & Snell - Completion of the product portfolio - With signalling devices on number 2 position in Europe
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R. STAHL AG / / Ad hoc: R. STAHL takes over Clifford & Snell - Completion of the product portfolio - With signalling devices on number 2 position in Europe processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
Waldenburg, 30 April 2010 - R. STAHL AG, Waldenburg and Digital Angel Corp.,
South St. Paul (Minnesota, USA), signed a contract on the takeover of British
business Clifford & Snell by R. STAHL group. Clifford & Snell is a specialist
for signalling devices for explosion-protected and industrial use. Product
program of the British company excellently supplements R. STAHL's product line
for signalling devices. Digital Angel, whose core business is RFID technologies,
has been looking for a partner for this unit who is able to further expand the
sustainable business.
Clifford & Snell develops and produces optical, acoustic and combined signalling
devices. In regard to combination of signalling devices (horns and signal lamps)
Clifford & Snell has a unique market position. The products in
explosion-protected design are used in R. STAHL's traditional markets (oil &
gas, chemical industry, pharmaceutical industry, etc.). The products in
industrial design are required, among others, in industrial buildings,
hospitals, airports, schools or on ships.
With the completion of the product portfolio in signalling devices the expert in
explosion protection can realize significant increase in sales in this segment.
In the medium-term R. STAHL plans to double sales in the segment for signal
lamps with the takeover of Clifford & Snell, in the long-term even a
triplication of sales is anticipated. Currently Clifford & Snell generates
annual sales amounting to about ? 4.3 million.
Besides products that have a performance and quality level comparable to
R. STAHL products, the new partner makes contributions in regard to development
know-how and sales structures. The present Managing Director, Trevor Gage, will
in future manage business unit signalling devices in the R. STAHL group; he has
extensive professional expertise.
"With Clifford & Snell we move to position 2 in Europe in the field of
signalling devices. By combining the excellent competences in development and
sales with our value creation and sales structure we will be able to grow
disproportionately in the field of signalling devices ", says Martin Schomaker,
CEO of R. STAHL.
"This is an excellent opportunity for the business and to be affiliated with the
internationally respected R. STAHL group, will enable us to accelerate our
product development program and advance Clifford & Snell's worldwide sales and
marketing effort", says Trevor Gage, Managing Director of Clifford & Snell.
If you have any questions please contact:
R. STAHL AG
Communications / Investor Relations
Judith Schäuble
Am Bahnhof 30, 74638 Waldenburg (Württ. )
Phone: 07942.943-1217, Fax: 07942.943-40 1217
e-mail: judith.schaeuble(at)stahl.de
[HUG#1410072]
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R. STAHL AG
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WKN: 725772;ISIN: DE0007257727;
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Unternehmensinformation / Kurzprofil:
Datum: 30.04.2010 - 16:51 Uhr
Sprache: Deutsch
News-ID 20090
Anzahl Zeichen: 0
contact information:
Town:
Waldenburg
Kategorie:
Business News
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