Komax Holding AG: Sale agreement signed for Komax Medtech

Komax Holding AG / Komax Holding AG: Sale agreement signed for Komax Medtech . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Today Komax has signed a sale agreement for Komax Medtech with GIMA, a subsidiary of the Italian IMA Group. As a result of the sale, Komax Medtech will pass into the hands of a well managed, strategic purchaser with a long track record in mechanical and systems engineering. The transaction, which is worth around CHF 28 million, includes the entire equity of Komax Systems LCF SA, Switzerland, the entire equity of Komax Systems Rockford Inc., USA and 76% of the equity of Komax Systems Malaysia Sdn. Bhd., Malaysia. The deal also includes an earnout of CHF 6.0 million (maximum) and a further CHF 2.0 million for the purchase of the remaining 24% of Komax Systems Malaysia's equity. The transaction is subject to the approval of the relevant competition authorities.

N+1 Swiss Capital, Zurich and Walder Wyss attorneys at law, Zurich, advised Komax Holding AG on the transaction.

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 and systems for the assembly of self-medication instruments, Komax helps its customers implement economical and safe manufacturing processes, especially in the automotive supply and pharmaceutical sectors. The Komax Group employs around 1 600 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:

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Komax Holding AG
Industriestrasse 6 Dierikon Switzerland

WKN: 1070215 ;ISIN: CH0010702154;