Media release - Komax strengthens market presence in central and eastern Europe

Komax Holding AG / Media release - Komax strengthens market presence in central and eastern Europe . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Komax is acquiring Thonauer Group as part of a long-term succession plan. The transaction is subject to the approval of the Romanian Competition Council and likely to take retroactive effect as of 1 January 2016. Thonauer's presence in seven countries in the fast-growing central and eastern European market makes it an ideal fit for Komax Wire's service and distribution network.

Thonauer Group has successfully represented Komax in seven central and eastern European countries ever since it was founded in 1988. The current team numbers some 50 people. As well as Komax Wire's products, Thonauer also distributes products from other suppliers for such areas as cable processing, mixing and dispensing, and EMI shielding.

This makes Thonauer Group a perfect fit for the service and distribution network of Komax Wire, which is expanding its presence in one of the world's fastest growing regions as the result of the acquisition. Moreover, Komax Wire will benefit from Thonauer's extensive experience as a solutions provider as it further develops and globally establishes the concept. Engineering capacities in Hungary will also enhance local skills in customer-specific application development.

Komax's acquisition of Thonauer Group is subject to the approval of the Romanian Competition Council and is likely to take retroactive effect as of 1 January 2016.

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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 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 1550 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
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WKN: 1070215 ;ISIN: CH0010702154;