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Schaffner sells test system business line for power electronics
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.