OREANDA-NEWS. Swisslog is preparing the procedure for the complete takeover of Swisslog Holding AG by majority shareholder KUKA by means of a merger with cash compensation for the remaining minority shareholders, and for the delisting of the company’s shares from the SIX Swiss Exchange.

KUKA Aktiengesellschaft successfully completed a public offer for the shares of Swisslog Holding AG in December 2014, and as of 16 March 2015 holds a stake of over 96% in Swisslog Holding AG. Plans are in place for a merger with a company controlled by KUKA by means of a cash compensation for the remaining minority shareholders (art. 8, para. 2 of the Swiss Merger Act). The specificities of the transaction are likely to be communicated after the planning phase in the first half of June 2015. During the course of this transaction, the delisting of the shares of Swisslog Holding AG is also to take place.

About Swisslog

Swisslog designs, develops and delivers best-in-class automation solutions for forward-thinking hospitals, warehouses and distribution centers. We offer integrated systems and services from a single source – from consulting to design, implementation and lifetime customer service. Behind the company’s success are 2 300 employees worldwide, supporting customers in more than 50 countries. Headquartered in Buchs/Aarau, Switzerland, the group’s parent company Swisslog Holding AG is listed on the SIX Swiss Exchange (security number: 1232462, Telekurs: SLOG, Reuters: SLOG.S).