Komax continues to invest in taping technology

(Thomson Reuters ONE) -
Komax Holding AG /
Komax continues to invest in taping technology
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The issuer is solely responsible for the content of this announcement.

Komax is continuing to strengthen its position in taping technology by acquiring
Kabatec GmbH & Co. KG. The two companies signed a sales agreement on Friday 20
May, and the sale is likely to be completed in June 2016.

Kabatec is a young technology company in Burghaun, Germany. It employs over 30
people and focuses on the development and production of high-performance cable
taping technologies. Komax and Kabatec have been working in a strategic
partnership for several years already.

The aim of this acquisition and the takeover of German company Ondal Tape
Processing GmbH announced in March 2016 is to amalgamate and make more efficient
use of innovation in taping technology so that customers can benefit from the
ongoing development of cable harness taping and bundling solutions.




Contact

Roger Müller Phone +41 41 455 06 16

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



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/2014532/746839.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#2014532]

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Datum: 23.05.2016 - 09:47 Uhr
Sprache: Deutsch
News-ID 472812
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