Schweiter Technologies - Media Release 23 May 2012

Schweiter Technologies / Schweiter Technologies - Media Release 23 May 2012 . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

Horgen, May 23, 2012 - As part of the ongoing focus on the core business with lightweight components for the mass transportation sector and industry, Airex Composites Structures in Altenrhein, which belongs to 3A Composites, is divesting its Automotive unit.

Airex Composites Structures has signed an agreement with Wethje Carbon Composites Group in Hengersberg, Germany, on the sale of the unit's assets and orders at hand for an amount in the low single-digit million range. The Automotive unit generated revenues of around CHF 6 million per year in the past. As part of this focus on the core business, all jobs at the Altenrhein site will be retained. The transaction should be concluded by the end of June 2012.

For further information:
Martin Klöti, Head of Management Services
Tel. [phone], fax [phone], [e-mail]

 Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland
Telefon [phone] Fax [phone] [e-mail]
www.schweiter.com

 Please find the Media release in the PDF attached:

Media release (PDF)

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Source: Schweiter Technologies via Thomson Reuters ONE

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