02/08/2013

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Dätwyler forms new Sealing Solutions division and sells cable segment

In addition, the Cabling Solutions division was sold for CHF 95 million (~?EUR 78.7 million) to Pema Holding AG (majority shareholder of Dätwyler Holding). In 2011, the division generated net revenue of CHF 240.9 million (~?EUR 200 million) and operating profit of CHF 4.6 million (~?EUR 3.8 million). Pema Holding takes over all facilities and the entire workforce. The operational management and the Dätwyler trade name will also remain unchanged. The transaction was completed on 31 December 2012.

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