OREANDA-NEWS. Conzzeta announces the signing of a binding agreement to acquire DNE Laser, Shenzen, China. The closing of the transaction is planned by mid-year 2016, subject to regulatory approval. Conzzeta will acquire a stake of 51% with a long-term option to increase the position.

Founded in 2008, DNE Laser employs approximately 400 employees and operates profitably, generating revenue of CNY 335 Million (ca. CHF 51 Million) in 2015. DNE Laser complements the Sheet Metal Processing business of Bystronic, which is part of the Conzzeta business portfolio. Bystronic is a leading supplier of solutions for the processing of sheet metal and other sheet materials with a global footprint; it employs close to 1700 employees and generated revenue of CHF 570.9 Million in 2015, primarily with high-end laser cutting solutions. DNE Laser by contrast covers the middle and lower-end product segments of laser cutting equipment with a focus at China and Southeast Asia. DNE Laser will operate with its own brand and a dedicated sales & service organization within the Bystronic business unit of Conzzeta.

Michael Willome, Group CEO of Conzzeta comments: "The transaction is a step towards the further internationalization of our Group; it adds significant scale to Bystronic's footprint in Asia and provides additional growth opportunities for Bystronic globally." Zhang Yonghong, founder, President and CEO of DNE Laser adds: "We are delighted to join forces with Bystronic, a technology leader in our industry; through Bystronic we broaden both, our knowledge base and our geographic reach." He will remain CEO of DNE Laser and join the Group Executive Team of Bystronic. Alex Waser, CEO of Bystronic and Member of the Group Executive Committee of Conzzeta further comments: "With DNE Laser we found the ideal strategic partner to broaden our market potential by serving additional client segments."

About Conzzeta
As an international holding company with diverse interests, Conzzeta strives to achieve leading positions in its target markets and build a business portfolio with above-average growth and long-term value creation. The Conzzeta Group companies are "best choice" for customers, offering innovative solutions in Sheet Metal Processing, Sporting Goods, Foam Materials, Graphic Coatings and Glass Processing; the Group has 3,500 employees at more than 60 locations worldwide. Conzzeta is listed on the SIX Swiss Exchange (SIX:CON).