Sale of Phoenix Mecano Digital Elektronik and Phoenix Mecano Digital Tunisie successfully completed
Ad hoc announcement pursuant to Art. 53 LR
The transfer of all shares in Phoenix Mecano Digital Elektronik?GmbH and Phoenix Mecano Digital Tunisie?S.?.r.l. to the Switzerland-based Cicor Group, as announced on 15?November 2022, has been completed.
Kloten/Stein am Rhein, 23?January 2023. The entities acquired by the Cicor Group are active in electronic manufacturing services, with sites in Turingia (Germany) and Borj?C?dria (Tunisia). Producing electronic assemblies for customers in the medical technology and industrial sectors, they generated total sales of more than EUR?30?million in financial year 2022. This includes a limited volume of supply relationships with other Phoenix Mecano Group product areas, which will be continued.
The sale will allow Phoenix Mecano to generate additional liquidity while further focusing the Industrial Components division on its core business.
About Phoenix MecanoThe Phoenix Mecano Group is a global player in the enclosures and industrial components segments and is a leader in many markets. Headquartered in Stein?am?Rhein, Switzerland, the Group employs around 8,000?people worldwide and generated sales of EUR?817?million in 2021. It is geared towards the manufacture of niche products and system solutions for customers in the mechanical engineering, measurement and control technology, medical technology, aerospace technology, alternative energy, and home and hospital care sectors. Phoenix Mecano was founded in 1975 and has been listed on the Swiss stock exchange since 1988.End of Inside Information Language: English Company: Phoenix Mecano Management AG Hofwisenstrasse 6 8260 Stein am Rhein
Switzerland Phone: +41 (0)43 255 4 255 ISIN: CH0002187810 Listed: SIX Swiss Exchange EQS News ID: 1540627 ? End of Announcement EQS News Service