Schlatter strengthens strategic position in wire production plants
SCHLATTER INDUSTRIES AG - SIX SWISS EXCHANGE: STRN - ISIN: CH0002277314Ad hoc announcement pursuant to article 53 LR? ?
S c h l i e r e n, 13 January 2022. The Schlatter Group is acquiring a majority stake of 51% in the Italian company Sokol Engineering S.r.l. With this takeover, effective from 1 January 2022, Schlatter is strengthening its strategic position in wire production plants and taking a further step towards becoming a comprehensive solution provider in the wire industry.
Sokol Engineering S.r.l., based in Tavagnacco (Udine), Italy, develops and builds a comprehensive range of wire production equipment such as cold rolling, wire drawing and stretching lines, generating net sales of EUR 3.0 million per year.
The new company of the Schlatter Group will continue and expand its existing activities under the name Schlatter Italia S.r.l.. The founder of the company, Mr. Sokol Haxhiaj, will continue to support the Schlatter Group as Managing Director and shareholder with his many years of experience.
Schlatter's customers will benefit from the takeover with expanded system expertise and a comprehensive partner across the entire value chain.
Schlatter Industries AG
Chief Executive Officer
Telephone +41 44 732 71 70
Mobile +41 79 343 62 62
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Schlatter Group (www.schlattergroup.com) The Schlatter Group is one of the leading specialists in plant engineering for resistance welding systems as well as weaving and finishing equipment for the production of paper machine clothing, wire fabrics and wire mesh. Thanks to its many years of experience in the field of plant technology, its innovative strength and its reliable service, the Schlatter Group - which is listed on the Swiss Reporting Standard of SIX Swiss Exchange - guarantees its customers a range of powerful and high-quality production equipment. This media information contains certain forward-looking statements, e.g. statements using the words "believes," "assumes," "anticipates," or formulations of a similar nature. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the Company and those either expressed or implied by such statements. Such factors include, among other things: competition from other companies, the effects and risks of new technologies, the Company's continuing capital requirements, financing costs, delays in the integration of acquisitions, changes in the operating expenses, the Company's ability to recruit and retain qualified employees, unfavorable changes in the applicable tax laws, and other factors identified in this communication. In view of these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments.?
This information can be downloaded as a PDF from the following link:Ad hoc announcement pursuant to article 53 LR If you no longer wish to receive information from Schlatter Industries AG, please send a message to: email@example.comEnd of ad hoc announcement Language: English Company: Schlatter Industries AG Brandstrasse 24 8952 Schlieren
Switzerland Phone: +41 44 732 71 11 E-mail: firstname.lastname@example.org Internet: www.schlattergroup.com ISIN: CH0002277314 Listed: SIX Swiss Exchange EQS News ID: 1268145 ? End of Announcement EQS News Service