Schaffner completes sale of Test Systems business
Luterbach (ots)
Concentration on the global market for EMC and power quality components
The Schaffner Group (SWX Swiss Exchange: SAHN) has signed an agreement for the sale of its Cable & ElectroEmulation business (net sales 2005/2006 approx. CHF 15 million) to the existing management. This completes the divestment of its Test Systems business. As part of the management buyout, the existing management will take over the activities of Schaffner Electrotest GmbH of Germany, Schaffner Electrotest BV of the Netherlands, Schaffner Electrotest S.r.l. of Italy and the US activities of the Electrotest business. The sale is expected to be completed by the end of April 2007. The parties have agreed not to disclose details of the selling price.
Calendar
May 11, 2007 Publication of 2006/2007 Interim Report
July 12, 2007 Publication of third quarter 2006/2007 net sales
and order intake
November 2, 2007 Publication of fourth quarter 2006/2007 net
sales and order intake
December 6, 2007 Publication of Annual Report 2006/2007
January 16, 2008 Annual General Meeting of ShareholdersSchaffner - safety for electronic systems
Schaffner is the international leader in electromagnetic compatibility (EMC) and power quality (PQ), focusing on high-growth sectors such as aerospace, automotive industry, building automation, consumer goods, industrial electronics, medical technology, power supplies, renewable energy, transportation and telecommunications. Schaffner develops, produces, and markets standard and customer-specific components and modules. Schaffner continually strives to secure and expand its leading position through a program of innovation, customer-focused logistics, cost-efficient practices and a constant drive for quality.
Contact:
Martin Zwyssig
Vice President & Chief Financial Officer
Tel.: +41/32/681'66'08
E-Mail: martin.zwyssig@schaffner.com
Schaffner Holding AG
4542 Luterbach
Tel.: +41/32/681'66'26
Fax: +41/32/681'66'30
Internet: www.schaffner.com