Luterbach (ots) - The Schaffner Group (SWX Swiss Exchange: SAHN)
is selling the power electronics business line of its test system
division to US-based Intepro America, LLC., Santa Ana, California,
for an undisclosed sum. Intepro America, LLC., which specializes in
the marketing of power electronics test systems in the North American
market, is acquiring Schaffner Ltd., Limerick, Ireland, as well as
the corresponding sales and service organizations in the UK and the
US. The power electronics segment contributed some CHF 5.1 million to
the test system division's revenues in the last fiscal year.
As Fritz Gantert, President & CEO of the Schaffner Group explains:
"It has become clear that the divestment of the test system division
not as a complete unit, but instead split up into its three core
technological business lines, offers the greatest potential value.
The sale of the power electronics business line is now the first step
as part of the Schaffner Group's plans to focus on the Components
business." The talks with interested parties over the two remaining
test system business lines EMC and Cable & ElectroEmulation Test are
being pursued as a matter of priority.
ots Originaltext: Schaffner Holding AG
Schaffner Holding AG
President & Chief Executive Officer
Executive Vice President & Chief Financial Officer
Intepro America, LLC.