Horgen, March 26, 2014 – Schweiter Technologies AG has been notified by Dr. Hans Widmer that he and related family members are planning to reduce their investment in Schweiter Technologies AG to diversify financial asset exposure including the financing of a significant property project. The group of family shareholders including Dr. Hans Widmer holds 12.4% of Schweiter Technologies.
Dr. Hans Widmer had taken over the majority of shares from Schweiter in 1986 and had been Chairman of the Board of Directors until 2011. Between 1986 and 1991, he simultaneously served as Schweiter’s Board Chairman and CEO.
Schweiter Technologies AG thanks Dr. Hans Widmer for his longstanding support as a shareholder and considers the divestment as an opportunity to increase the company’s free float and broaden its shareholder base.
For further information, please contact:
Martin Klöti, CFO
Tel. +41 44 718 33 03, Fax +41 44 718 34 51, martin.kloeti@schweiter.com
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