Conzzeta AG: Conzzeta: Closing of DNE Laser acquisition, Shenzhen, China

Conzzeta AG / Conzzeta: Closing of DNE Laser acquisition, Shenzhen, China . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Expansion of the Sheet Metal Processing business

Zurich, July 14, 2016. - Conzzeta today announces the closing of the agreement to acquire DNE Laser, Shenzhen, China. Consistent with the announcement on March 30, 2016, Conzzeta acquired a stake of 51%, with effective date July 14, 2016, and first-time consolidation in the second half of 2016. 

Michael Willome, Group CEO of Conzzeta comments: "We remain focused to realize our growth opportunities and to develop the footprint of our Group, particularly in Asia and North America." DNE Laser complements the Sheet Metal Processing business of Bystronic, which is part of the Conzzeta business portfolio. Bystronic is a leading supplier of solutions for the processing of sheet metal and other sheet materials, primarily with high-end laser cutting solutions. DNE Laser by contrast covers the middle and lower-end product segments of laser cutting equipment. Alex Waser, CEO of Bystronic and member of the Group Executive Committee of Conzzeta further comments: "With the combined capabilities of Bystronic and DNE Laser, we strengthen our client value proposition by offering the full product range, from cost-efficient laser cutting equipment up to integrated solutions and modular, flexible production systems."

For further information please contact:
Michael Stäheli, Head Investor Relations & Corporate Communications
Phone [phone]
[e-mail] (mailto:[e-mail])

About Conzzeta
As an international holding company with diverse interests, Conzzeta strives to achieve leading positions in its target markets and build a business portfolio with above-average growth and long-term value creation. The Conzzeta Group companies are "best choice" for customers, offering innovative solutions in Sheet Metal Processing, Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing; the Group has 3,500 employees at more than 60 locations worldwide. Conzzeta is listed on the SIX Swiss Exchange (SIX:CON). 

The Media Release can be downloaded from the following link:

Media release (PDF) (http://hugin.info/100413/R/2028660/754193.pdf)

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Source: Conzzeta AG via Globenewswire

HUG#2028660

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Conzzeta AG
Giesshübelstrasse 45 Zürich Switzerland

ISIN: CH0244017502;