Komax Holding AG: Sale of Komax Medtech concluded - René Ronchetti to leave Komax Executive Committ

Komax Holding AG: Sale of Komax Medtech concluded - René Ronchetti to leave Komax Executive Committee

ID: 464373

(Thomson Reuters ONE) -
Komax Holding AG /
Komax Holding AG: Sale of Komax Medtech concluded - René Ronchetti to leave
Komax Executive Committee
. Processed and transmitted by NASDAQ OMX Corporate Solutions.
The issuer is solely responsible for the content of this announcement.

On 15 April 2016, Komax concluded the sale of Komax Medtech to GIMA, a
subsidiary of the Italian IMA Group. As a result, the entire equity of Komax
Systems LCF SA, Switzerland, the entire equity of Komax Systems Rockford Inc.,
USA and 76% of the equity of Komax Systems Malaysia Sdn. will be transferred to
the buyer. The remaining 24% of Komax Systems Malaysia Sdn. is subject to
options, under which this remainder could be transferred to IMA Group from
2018. The sale means that 250 people who currently work for Komax will become
employees of IMA Group.

With the conclusion of the sale of Komax Medtech, its Head, René Ronchetti, will
be leaving the Komax Executive Committee. René Ronchetti has worked for Komax
since 2012 and will be moving to Komax Medtech's buyer.

N+1 Swiss Capital, Zurich and the legal practice of Walder Wyss Rechtsanwälte,
Zurich, advised Komax Holding AG on the transaction.


Contact
Roger Müller Phone +41 41 455 06 16

Head Investor Relations / Corporate Communications roger.mueller(at)komaxgroup.com



The Komax Group is a global technology company that focuses on markets in the
automation sector. As a leading manufacturer of innovative and high-quality
solutions for the wire processing industry, Komax helps its customers implement
economical and safe manufacturing processes, especially in the automotive supply
sector. The Komax Group employs around 1 400 people worldwide and provides sales
and service support via subsidiaries and independent agents in around 60
countries.





The media release can be downloaded from the following link:


Media release (PDF):
http://hugin.info/100418/R/2003993/739822.pdf



This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Komax Holding AG via GlobeNewswire
[HUG#2003993]




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Bereitgestellt von Benutzer: hugin
Datum: 15.04.2016 - 18:01 Uhr
Sprache: Deutsch
News-ID 464373
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