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Metall Zug AG and Komax Holding AG have signed an agreement under which the Metall Zug Group will me

Issuing time:2022-04-11 15:01

Metall Zug AG and Komax Holding AG have signed an agreement under which the Metall Zug Group will merge Schleuniger into Komax.

Metall Zug will merge its Business Unit Wire Processing, the Schleuniger Group, into the Komax Group in exchange for a 25% participation in Komax Holding AG. The transaction will be carried out through a 'quasi-merger' in which Komax Holding AG will issue new shares in the course of a capital increase and allocate these to Metall Zug AG in exchange for the shares of Schleuniger AG. Metall Zug and Komax have signed an agreement to this effect.

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