Feintool divests capital goods business
12 5월 2023 - 2:29PM
Feintool divests capital goods business
Ad hoc announcement pursuant to Art. 53 LR
Feintool is divesting its capital goods business to the
German, family-run industrial holding company, CERTINA GROUP. This
strategic decision allows the company to concentrate on its core
business: the three technological processes of fineblanking,
forming, and electrolamination stamping. The entrepreneurial
orientation of CERTINA creates optimal conditions for the capital
goods business to further expand its leading position.
On 11 May 2023, the CERTINA GROUP signed an acquisition
agreement with Feintool International Holding AG for Feintool
Technologie AG and its subsidiaries in the USA and China. As part
of this transaction Feintool Holding and CERTINA have agreed on
close technological collaboration, particularly in the area of
hydrogen technologies. Feintool will also retain a strategic
minority interest of 15% in Feintool Technologie AG.
As a full-range supplier, Feintool Technologie AG, a capital
goods business, offers cost-effective system solutions in
fineblanking and forming. With its own mechanical engineering,
customer service and sales teams in Lyss (CH), Rapperswil-Jona
(CH), Cincinnati (USA), and Shanghai (CN), the business has a
strong international presence and is well-positioned to serve
customers worldwide with premium press and tool systems. In 2022,
the segment contributed around 3% to Group sales, generating sales
of CHF 29.3 million and a negative EBIT.
"The sale of the capital goods business enables us to
concentrate on and further develop our core competencies in the
field of technological processes fineblanking, forming and
electrolamination stamping. This includes everything from
state-of-the-art tooling solutions across the entire process chain
to innovative product solutions for electric motors. With the new
owner's industry connections and experience as a sustainable
investor, the capital goods business will have excellent
development opportunities,” explains Torsten Greiner, CEO of the
Feintool Group.
“Certina is delighted to welcome Feintool Technology AG and the
team as new and esteemed partners of the group. We are convinced
that this transaction opens up long-term future prospects for both
sides by creating fruitful growth," says Dr. Stefan Brungs,
Managing Partner of the CERTINA GROUP.
Adjusted guidance
Due to the sale of the press business, Feintool is adjusting its
guidance for continuing operations for the 2023 financial year:
Sales will amount to around CHF 850 million. Feintool expects an
EBITDA margin of around 10 percent, which corresponds to an EBIT
margin of around 3 percent for the full year. Due to the delayed
pass-through of higher input and ramp-up costs for future
technologies, we expect a slightly stronger second half of
2023.
About Feintool
Feintool is an internationally active technology market leader
in the field of fineblanking, formed steel components and stamped
electro sheet metal products. Cost-effectiveness, superior quality,
and high productivity distinguish these technologies.
As an innovation driver, Feintool continually pushes the
boundaries of these technologies and develops intelligent solutions
to meet its customers’ requirements. Feintool offers
high-performance fineblanking systems, innovative tools, and
state-of-the-art manufacturing processes for all aspects of
high-volume sheet metal applications in the automotive industry and
other demanding industrial sectors as well as renewable energies.
The processes used support the megatrends of green energy
generation, storage, and application.
Founded in 1959 and headquartered in Switzerland, the company
owns 19 production plants and technology centers in Europe, the
United States, China, and Japan, ensuring proximity to its
customers. Around the globe, about 3,500 employees and over 100
apprentices are at work on new solutions to create key advantages
for Feintool customers.
About the CERTINA GROUP
CERTINA is a family-owned industrial holding company with focus
on European SMEs in upheaval and special situations such as
carve-outs, turnarounds, or unresolved successions. We look back on
25 years of investment experience with over 65 successful
acquisitions in various industries.
The CERTINA GROUP currently comprises 21 company platforms
across five sectors and with over 3,600 employees generating
revenues of more than EUR 850m. Since inception, we have invested
according to the principles of sustainability, continuity, and
entrepreneurial responsibility.
We follow an operational investment approach and open
sustainable perspectives for companies undergoing major transitions
in the interest of all stakeholders. Our well experienced
teams of managers and experts regularly accompany complex
transactions and substantial business transformations e.g., turning
integrated businesses units into independent SMEs.
We build on a strong and independent capital base, allowing to
individually re-align and sustainably develop our companies at no
time constraints. Within transactions our capital and ownership
structure provide highly flexible, and pragmatic solutions at
maximum transaction security, to all parties involved.
Over two decades internationally renowned corporates have relied
on CERTINA as a reliable transaction partner and new “good-home”
for their non-core activities.
Feintool International Holding AG
Industriering 83250 LyssSchweiz
Media spokesperson
Karin LabhartPhone +41 32 387 51 57Mobile +41 79 609 22
02karin.labhart@feintool.com www.feintool.com The press
release can be downloaded from the following link:Press Release
(PDF)
Feintool (LSE:0QLM)
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부터 4월(4) 2024 으로 5월(5) 2024
Feintool (LSE:0QLM)
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부터 5월(5) 2023 으로 5월(5) 2024