Brief: Schweiter Technologies Acquired 60% Of Jiangsu ZNL Coating New Materials

Schweiter Technologies AG

21/12/2023 05:06

Dec 21 (Reuters) - Schweiter Technologies AG  SWTQ.S :
    * SCHWEITER TECHNOLOGIES STRENGTHENS ITS ARCHITECTURE
BUSINESS
    * SAYS ACQUIRED COMPANY HAS APPROXIMATELY 50 EMPLOYEES AND
WILL
ACHIEVE NET SALES OF AROUND CHF 15 MILLION IN 2023
    * ACQUIRED 60% OF JIANGSU ZNL COATING NEW MATERIALS, A NEWLY
ESTABLISHED JOINT VENTURE
    * HAS AN OPTION TO ACQUIRE REMAINING 40% OF SHARES OF
COMPANY
    * PURCHASE PRICE FOR 60% STAKE IS IN MID-SINGLE CHF MILLION
RANGE

Source text for Eikon:  ID:nGNE8xhQtB 
Further company coverage:  SWTQ.S 

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