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Schaffner Holding AG

Schaffner Group sells EMC test systems business line

Luterbach (ots)

Management buyout ensures continuity for
employees and customers - Luterbach location to become a center of
competence for EMC test systems development
The Schaffner Group is selling the EMC test systems business line
through an MBO to a group of investors led by Johannes Schmid, the
Head of the Test Systems Division. The parties have agreed not to
disclose details of the price. The sale of the EMC test systems
business line, which contributed some CHF 30 million to Group sales
in fiscal 2004/2005, represents a decisive step in Schaffner's
strategy to refocus the Group on the dynamic market for components
and modules to ensure the proper functioning of electrical and
electronic devices. Following the sales of the Power Electronics and
EMC test systems business lines, discussions with potential buyers
for the remaining Cable & ElectroEmulation business line are
continuing as a matter of priority. "Just as with the previous two,
we will only consider selling the last business line at a price that
reflects its realistic value," stressed Fritz Gantert, President &
Chief Executive Officer of the Schaffner Group.
"The sale of Schaffner's EMC test systems business line to the
current management will ensure continuity and represents the optimal
solution for all parties concerned, particularly employees and
customers," explained Johannes Schmid, under whose leadership the
business line improved its net sales by over 10% against the
comparable prior-year figure in the first nine months of the current
fiscal year. Schaffner's former EMC test systems activities will be
brought together in a new group of companies with centers of
competence for marketing, development, and production in Luterbach,
Switzerland (conducted EMC), and Berlin (radio frequency), as well as
distribution and service subsidiaries in China, Japan, Singapore, the
USA, the UK, and France.
Schaffner - safety for electronic systems
Schaffner is the international leader in electromagnetic
compatibility (EMC), focusing on high-growth sectors such as the
automotive industry, building automation, industrial electronics,
consumer goods, aerospace, medical technology, power supplies,
telecommunications, transportation, and the public sector. Schaffner
develops, produces, and markets standard and customer-specific
components, modules, test systems, and test facilities. Schaffner
strives to secure and expand its leading position through a program
of innovation, customer-focused logistics, and cost-efficient
practices.
Calendar
November 3, 2006   Publication of fourth quarter 2005/2006 net sales
                   and order intake
December 7, 2006   Publication of Annual Report 2005/2006
                   (presentation)
January 16, 2007   Publication of first quarter 2006/2007 net sales
                   and order intake
January 17, 2007   Annual General Meeting of Shareholders

Contact:

Fritz Gantert
President & Chief Executive Officer
Tel. +41/32/681'66'02
E-Mail: fritz.gantert@schaffner.com

Martin Zwyssig
Executive Vice President & Chief Financial Officer
Tel. +41/32/681'66'08
E-Mail: martin.zwyssig@schaffner.com

Schaffner Holding AG
CH-4542 Luterbach
Tel. +41/32/681'66'26
Fax +41/32/681'66'30
Internet: http://www.schaffner.com

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