01.09.2017 – 08:46

Conzzeta

EQS-Adhoc: Conzzeta: Closing of Otto Bock Kunststoff acquisition

EQS Group-Ad-hoc: Conzzeta / Key word(s): Takeover
Conzzeta: Closing of Otto Bock Kunststoff acquisition

01-Sep-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Acquisition in FoamPartner business unit
Conzzeta closes agreement to acquire Otto Bock Kunststoff

Zurich, September 1, 2017 - Conzzeta announces the closing of the agreement to
acquire Otto Bock Kunststoff. Following the announcement on July 21, 2017,
Conzzeta assumed full control as per September 1, 2017, with corresponding
first-time consolidation.

The transaction reflects Conzzeta's defined growth strategy. It adds significant
global scale to its FoamPartner business unit, with additional growth
opportunities, particularly in Asia and North America. The product portfolios of
Otto Bock Kunststoff and FoamPartner are largely complementary and combine to
form a global leader in polyurethane-based foam materials for modern mobility
solutions. The transaction also enhances the capabilities and offerings within
FoamPartner's Specialties and Living & Care market segments.

For queries and further information, please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications
Phone: +41 44 468 24 49;  media@conzzeta.com

About Conzzeta
Conzzeta is a broadly diversified Swiss group of companies. It stands for
innovation, reliability and a long-term perspective. Conzzeta strives for
leading positions in its target markets, above-average growth and long-term
value creation. Over 4200 employees at more than 60 locations worldwide are
dedicated to offering customers innovative solutions in Sheet Metal Processing,
Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing. Conzzeta
is listed on the SIX Swiss Exchange (SIX:CON).

Additional features:


Document:http://n.eqs.com/c/fncls.ssp?u=JTVTWMIMCR
Document title: Closing acquisition Otto Bock Kunststoff
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End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Conzzeta

          Giesshübelstrasse 45

          8045 Zürich

          Switzerland

Phone:    +41 44 468 24 49

Fax:      +41 44 468 24 53

E-mail:    info@conzzeta.com

Internet: www.conzzeta.com

ISIN:     CH0244017502

Valor:    A117LR

Listed:   Regulated Unofficial Market in Berlin, Stuttgart; Open Market in
Frankfurt; SIX Swiss Exchange



 

End of Announcement EQS Group News Service

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605953  01-Sep-2017 CET/CEST