Komax Holding AG : Komax pulls out of solar business Komax Holding AG / Komax pulls out of solar business . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement. The review of strategic options for Komax Solar and Komax Medtech announced with the publication of the annual results on 19 March 2013 is now complete. The Board of Directors has decided that Komax should focus even more closely on Komax Wire in the future. Komax Wire is the leader in its markets and is very profitable. Furthermore, the business model offers growth potential which will continue to be tapped into as part of the ongoing strategy. Although the photovoltaics industry will no doubt remain interesting in the long term, the activities of Komax Solar will no longer form part of Komax's core business in the future. The Board of Directors considers the risk profile of this business to be incompatible with the Group's objectives. An alternative solution will therefore be sought for this business unit. With regard to Komax Medtech, the market is showing signs of recovery. We also intend to support the business unit's business more broadly on the basis of existing technologies and recognized process expertise. In addition, the initiatives aimed at improving profitability have shown encouraging results. In view of these favourable conditions, there is no need for action in this area. We are adhering to our medium-term target. For more information, please contact: Marco Knuchel Phone +41 41 455 06 16 Head Investor Relations/Corporate Communications firstname.lastname@example.org The Komax Group is a global technology company that focuses on markets in the automation sector. As a leading manufacturer of innovative and high-quality solutions for the wire processing industry, for the production of modules for the photovoltaics market and for systems for the manufacture of self-medication solutions, Komax helps its customers implement economical and safe manufacturing processes, especially in the automotive supply, solar panel and pharmaceutical sectors. The Komax Group employs around 1 350 people worldwide and provides sales and service support via subsidiaries and independent agents in around 60 countries. Media release (PDF) ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Komax Holding AG via Thomson Reuters ONE HUG#1723708 --- End of Message --- Komax Holding AG Industriestrasse 6 Dierikon-LU Switzerland WKN: 1070215 ;ISIN: CH0010702154;
Komax Holding AG : Komax pulls out of solar business
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