Komax Holding AG: Sale of Komax Medtech concluded - René Ronchetti to leave Komax Executive Committee

Komax Holding AG / Komax Holding AG: Sale of Komax Medtech concluded - René Ronchetti to leave Komax Executive Committee . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

On 15 April 2016, Komax concluded the sale of Komax Medtech to GIMA, a subsidiary of the Italian IMA Group. As a result, 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. will be transferred to the buyer. The remaining 24% of Komax Systems Malaysia Sdn. is subject to options, under which this remainder could be transferred to IMA Group from 2018. The sale means that 250 people who currently work for Komax will become employees of IMA Group.

With the conclusion of the sale of Komax Medtech, its Head, René Ronchetti, will be leaving the Komax Executive Committee. René Ronchetti has worked for Komax since 2012 and will be moving to Komax Medtech's buyer.

N+1 Swiss Capital, Zurich and the legal practice of Walder Wyss Rechtsanwälte, Zurich, advised Komax Holding AG on the transaction.

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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, Komax helps its customers implement economical and safe manufacturing processes, especially in the automotive supply sector. The Komax Group employs around 1 400 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;