- Schweiter Technologies acquired 60% of Jiangsu ZNL Coating New Materials, a newly established joint venture.
- This acquisition is further strengthening the architecture business and creates growth opportunities in China and in the Asian markets.
The acquired company has approximately 50 employees and will achieve net sales of around CHF 15 million in 2023. The purchase price for the 60% stake is in the mid-single CHF million range.
Schweiter Technologies has an option to acquire the remaining 40% of the shares of the company.
The acquisition is complementing the architecture business solution portfolio and supports the sustainable growth vision in China and the Asian markets.
3A Composites’ architecture business is a global leader in providing high-quality aluminum composites material for building façades, roofs and Corporate Identity solutions. The global architecture business generated 19% of the group’s net sales in 2022.
For further information please contact:
Schweiter Technologies
Group CFO
Urs Scheidegger
Tel. +41 41 757 77 00
investor@schweiter.com
