As you may have already read in the media, the Komax Group is planning an acquisition of the Schleuniger Group with the aim of offering fast, new and innovative solutions with this combined innovative power.
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.
The transaction depends, among other conditions, on the approval of the relevant proposals by Komax’s Annual General Meeting and the consent of the relevant competition authorities to the merger. This process is expected to be completed in the third quarter of 2022. At the Annual General Meeting of Komax Holding AG on April 13, 2022, the shareholders of Komax Holding AG will be proposed, among others, to create the necessary authorized share capital, and, conditional on the completion of the merger, to elect Jürg Werner, currently Chairman of the Board of Directors of Schleuniger AG, as the representative of Metall Zug in the Board of Directors of Komax Holding AG.
Annual General Meeting endorses the combination of Komax Holding AG and Schleuniger AG
At the Annual General Meeting held at the Culture and Convention Center in Lucerne on 13 April 2022, the shareholders of Komax Holding AG approved all resolutions of the Board of Directors.
