Schweiter Technologies: Expansion of 3A Composites transportation business
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Schweiter Technologies /
Schweiter Technologies: Expansion of 3A Composites transportation business
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Horgen, February 11, 2015 - Schweiter Technologies is strengthening the 3A
Composites division's transportation business and has entered into an agreement
to acquire Polish company Plastwag. Plastwag generated sales equivalent to
around CHF 10 million in 2014. The agreed enterprise value for Plastwag is in
the low double-digit million CHF range. The transaction is expected to be
completed by the end of March 2015.
Plastwag (www.plastwag.pl) is a medium-sized Polish company which manufactures
high-quality fiber-reinforced and thermoformed plastic components for the mass
transportation sector. The company is located in Mielec, one of Poland's largest
special economic zones.
In acquiring Plastwag, 3A Composites is significantly strengthening its
activities in the area of functionally integrated lightweight systems for
energy-efficient buses and rolling stock. Centrally situated between Western and
Eastern Europe, Plastwag is ideally positioned to serve the major plants of
existing and new customers in Poland and neighboring countries. The acquisition
will add new production technology offerings to the current product portfolio,
marking an important step in the direction of system supplier. The Plastwag
plant's modern infrastructure and attractive location will increase the 3A
Composites division's competitive leverage in the transportation business over
the long term.
For further information please contact:
Martin Klöti, CFO
Tel. +41 44 718 33 03, fax +41 44 718 34 51, martin.kloeti(at)schweiter.com
Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Tel. +41 44 718 33 03 Fax +41 44 718 34 51 info(at)schweiter.com
www.schweiter.com
Please find the Media release in the PDF attached:
Media release (PDF):
http://hugin.info/100347/R/1893209/670795.pdf
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Source: Schweiter Technologies via GlobeNewswire
[HUG#1893209]
Unternehmensinformation / Kurzprofil:
Datum: 11.02.2015 - 06:00 Uhr
Sprache: Deutsch
News-ID 370699
Anzahl Zeichen: 2868
contact information:
Town:
Horgen
Kategorie:
Business News
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