20.03.2018 – 06:35

Conzzeta

EQS-News: Conzzeta: Bystronic acquires TTM Laser S.p.A.

EQS Group-News: Conzzeta / Key word(s): Takeover
Conzzeta: Bystronic acquires TTM Laser S.p.A.

20.03.2018 / 06:30

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Acquisition in the Sheet Metal Processing segment
Bystronic acquires TTM Laser S.p.A. Cazzago San Martino (Italy)

Zurich, March 20, 2018 - Conzzeta has reported signing an agreement for the
complete acquisition of the Italian technology company TTM Laser S.p.A., based
in Cazzago San Martino, Brescia. TTM Laser has been operating since 2001; in
2017, its around 40 employees generated revenue of approximately EUR 14 million.
The transaction is planned to be concluded in the coming weeks.

Bystronic, which is part of the Conzzeta Group, is a leading global provider of
high-quality solutions for the sheet metal processing business. With the
technologies provided by TTM Laser, Bystronic is deepening its existing offering
in the process step "cutting". TTM Laser offers 3D-applications for processing
tubes with a diameter between 12 and 815 millimeters and for profiles. The two
companies had previously agreed a sales partnership in November 2017.

Alex Waser, CEO of Bystronic and member of Conzzeta's Executive Committee,
commented: "In addition to the automated and networked processing of sheet
metal, the additional processing of tubes and profiles is an important element
for our customers to position themselves against the competition. Now that
Bystronic has come together with TTM Laser, our customers are set to gain access
to a unique range of technologies for their sheet metal processing. Together, we
want to promote innovative manufacturing solutions."

Inquiries and further information:
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 represents
innovation and reliability with a long-term perspective. Conzzeta strives for
leading positions in its target markets, above-average growth and long-term
value creation. Over 4,700 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 AG is listed on the SIX Swiss Exchange (SIX:CON).
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Additional features:

Document:http://n.eqs.com/c/fncls.ssp?u=AHYJXAKTNI
Document title: Bystronic acquires TTM Laser S.p.A.

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End of Corporate News
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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, Frankfurt, Stuttgart; SIX Swiss
Exchange



 

End of News EQS Group News Service

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665687  20.03.2018