Datwyler reinforces and expands product portfolio for current and future markets
Datwyler is acquiring a company to reinforce and expand its Sealing Solutions Division's product portfolio for its customers in the automotive industry. On 31 July 2015, Datwyler signed a contract to acquire Italian-based company Origom s.p.a. Completion of the transaction is scheduled for September, subject to the fulfilment of the usual closing conditions. The parties have agreed not to disclose the purchase price.
Leading-edge production technology and processes
Family-owned Origom was established in 1980 and has longstanding experience, primarily in Europe, of producing and manufacturing industrial seals. By acquiring Origom, Datwyler will benefit from pioneering technology and leading-edge processes in the production of high-quality O-rings. Origom employs 115 people, generates annual revenue of around EUR 22 million and is growing profitably.
Further development of new business areas
Through its acquisition of Origom, Datwyler will gain access to the global O-ring market and to the diverse opportunities this presents in terms of further organic and acquisition-related revenue growth. Based on Origom's broad customer structure, Datwyler will also be able to identify and develop new strategic market niches outside the automobile industry. Origom's current management will continue to lead and develop the company.
Datwyler Group (www.datwyler.com)
The Datwyler Group is a focused industrial supplier with leading positions in global and regional market segments. With its technological leadership and customised solutions, the Group delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. The Technical Components Division is one of Europe’s foremost highservice distributors of electronic, ICT and automation components and accessories. The Sealing Solutions Division is a leading supplier of customised sealing solutions to global market segments, such as the health care, automotive, civil engineering and consumer goods sectors. With a total of more than 50 operating companies, sales in over 100 countries and around 6,500 employees, the Datwyler Group generates annual revenue of some CHF 1,200 million. The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).
Guido Unternährer, Head of Corporate Communications, +41 41 875 19 00
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