Schlatter strengthens strategic position in wire production plants
January 13, 2022 at 12:04 am EST
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Schlatter Industries AG / Key word(s): Acquisition
Schlatter strengthens strategic position in wire production plants
13-Jan-2022 / 06:01 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
SCHLATTER INDUSTRIES AG - SIX SWISS EXCHANGE: STRN - ISIN: CH0002277314
Ad hoc announcement pursuant to article 53 LR
S c h l i e r e n, 13 January 2022. The Schlatter Group is acquiring a majority stake of 51% in the Italian company Sokol Engineering S.r.l. With this takeover, effective from 1 January 2022, Schlatter is strengthening its strategic position in wire production plants and taking a further step towards becoming a comprehensive solution provider in the wire industry.
Sokol Engineering S.r.l., based in Tavagnacco (Udine), Italy, develops and builds a comprehensive range of wire production equipment such as cold rolling, wire drawing and stretching lines, generating net sales of EUR 3.0 million per year.
The new company of the Schlatter Group will continue and expand its existing activities under the name Schlatter Italia S.r.l.. The founder of the company, Mr. Sokol Haxhiaj, will continue to support the Schlatter Group as Managing Director and shareholder with his many years of experience.
Schlatter's customers will benefit from the takeover with expanded system expertise and a comprehensive partner across the entire value chain.
Further information
Schlatter Industries AG
Werner Schmidli
Chief Executive Officer
Telephone +41 44 732 71 70
Mobile +41 79 343 62 62
werner.schmidli@schlattergroup.com
Agenda
26.01.2022 Publication of first financial data for the 2021 financial year
31.03.2022 Publication of the detailed annual result for 2021 trough am media information and publication of the annual report on the company's Website
03.05.2022 Annual General Meeting
11.08.2022 Publication of half-year report 2022
Schlatter Group (www.schlattergroup.com)
The Schlatter Group is one of the leading specialists in plant engineering for resistance welding systems as well as weaving and finishing equipment for the production of paper machine clothing, wire fabrics and wire mesh. Thanks to its many years of experience in the field of plant technology, its innovative strength and its reliable service, the Schlatter Group - which is listed on the Swiss Reporting Standard of SIX Swiss Exchange - guarantees its customers a range of powerful and high-quality production equipment.
This media information contains certain forward-looking statements, e.g. statements using the words "believes," "assumes," "anticipates," or formulations of a similar nature. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the Company and those either expressed or implied by such statements. Such factors include, among other things: competition from other companies, the effects and risks of new technologies, the Company's continuing capital requirements, financing costs, delays in the integration of acquisitions, changes in the operating expenses, the Company's ability to recruit and retain qualified employees, unfavorable changes in the applicable tax laws, and other factors identified in this communication. In view of these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company accepts no obligation to continue to report or update such forward-looking statements or adjust them to future events or developments.
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This information can be downloaded as a PDF from the following link: Ad hoc announcement pursuant to article 53 LR
If you no longer wish to receive information from Schlatter Industries AG, please send a message to: pascale.lehmann@lehmanncom.ch
Schlatter Industries AG, previously known as Schlatter Holding AG is a Switzerland-based manufacturer and supplier of welding technology, mechatronics and systems engineering. The Company is operational in two segments: welding and weaving. The welding segment, which is the Company's core segment, provides reinforcing and industrial mesh welding systems, mobile and stationary rail welding machines, as well as systems for manufacturing radiators. The weaving segment encompasses weaving and finishing machines for paper machine clothing under the brand name Jaeger, as well as machines for the production of wire fabrics, wire screens and sieves, as well as wire crimping. The Company operates through subsidiaries in various countries around the world, such as Switzerland, Germany, France, the United Kingdom, the United States, Brazil, China, as well as in Malaysia, among others.
SCHLATTER INDUSTRIES AG 
