EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Disposal
01.12.2014 / 07:29
Release of an ad hoc announcement pursuant to Art. 53 KR. The issuer is solely responsible for the content of this announcement.
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Von Roll Holding AG: sale of transformer business

Au / Wädenswil, December 1, 2014 - As part of the announced strategy and the corresponding focus on core business, the Board of Directors of Von Roll Holding AG has decided to sell its transformer business unit to the Swiss-based company International Transformer AG. The management has been instructed to take all the necessary steps to implement this decision and, in particular, to conclude the contract required for the sale.
The buyer of the transformer business unit is part of the von Finck shareholder group.

Von Roll Transformers Ltd., which has production facilities in Israel, was taken over from Elco in fall 2008. In view of the lack of synergy effects with the core business and the losses suffered over the past few years, the sale of the transformer business will allow Von Roll to take a further step forward in terms of pursuing its new strategic direction.
The plant in Israel, which employs around 200 people, produces and supplies solutions for the transmission and distribution of energy.
This transaction will have a final non-recurring negative impact of about CHF 33 million in the Von Roll Group's current financial year. The impact may be alleviated by potential improvements later on. At the same time, the sale of the transformer business will bring in liquidity worth approximately CHF 40 million.

Aside from consolidating and optimizing its plants, Von Roll is now focusing on attractive market segments in the Insulation and Composites divisions. The implementation of the strategy is progressing according to plan.

About Von Roll Holding AG:
As a Swiss industrial company, Von Roll Holding AG focuses on products and systems for power generation, transmission and distribution. Von Roll is a global market leader for insulation products, systems and services and has a presence in 20 countries with about 2,520 employees at over 30 sites.
Contact:
Claudia Guentert, Corporate Communications
T: +41 44 204 3529, F: +41 44 204 3007, E: press@vonroll.com
This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with the statements made here. Furthermore, rounding differences may lead to discrepancies in the reported figures. For more information on the company and its business performance, please refer to the Annual and Semi-Annual Report of Von Roll Holding AG which is available in digital form at http://www.vonroll.com/en/financial-reports.html.
End of ad hoc announcement

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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=HQMXKTNBDN Document title: Von Roll Holding AG: sale of transformer business
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01.12.2014 News transmitted by EQS Schweiz AG. www.eqs.com - news archive: http://switzerland.eqs.com/de/News

The issuer is responsible for the contents of the release.
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Language: English Company: Von Roll Holding AG Steinacherstr. 101 8804 Au Switzerland Phone: +41 44 204 3500 Fax: +41 44 204 3007 E-mail: reception@vonroll.com Internet: www.vonroll.com ISIN: CH0003245351 Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Frankfurt in Open Market ; SIX  
 
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