Press Release: Feintool: Green light for the takeover of Stanz- und LaserTechnik Jessen GmbH

Feintool International Holding AG / Green light for the takeover of

Stanz- und LaserTechnik Jessen GmbH. Processed and transmitted by

Nasdaq Corporate Solutions. The issuer is solely responsible for the

content of this announcement.

On July 13, 2018 Germany's Federal Cartel Office approved the

acquisition of Stanz- und LaserTechnik Jessen GmbH by the Feintool

Group. The acquisition contract signed on June 27, 2018 was closed

yesterday.

Feintool invests in the growth market of e-mobility

With its acquisition of the German company Stanz- und LaserTechnik

Jessen GmbH, Feintool is expanding its strategic areas of business

alongside fineblanking and forming by developing the market for electric

vehicle components. The newly acquired technical expertise will be

expanded first in Europe, and then globally.

With this acquisition, Feintool is pursuing its strategy consistently

and creating a further technological pillar at the same time. Thus,

Feintool is consolidating its position as an automotive supplier and

offering its customers global solutions for electric vehicles too, in

addition to hybrid and combustion engines.

Stanz- und LaserTechnik Jessen GmbH in brief

It was back in 1879 that entrepreneur G. Fuhrmann began producing iron

and metal goods on the company's current site. The location of Jessen

can therefore look back on a long tradition of metalworking. In 1960 the

company began specializing in punching electrical sheet parts, and the

first stator and rotor sheets were produced.

From 1993 onwards, the company established punch-packing, while in 2008

laser-cutting was introduced as another process for the production of

high-precision electrical sheet parts in the thin-sheet segment.

Stanz- und LaserTechnik Jessen GmbH serves customers operating in areas

such as automobile production, renewable energies, industrial robots,

and transport.

The company now considers itself a specialist supplier of sheets and

packages and provides all the services and products relating to

electrical sheet parts, starting with pilot production and continuing

through all the advisory services required for complex projects,

ultimately concluding in series part production.

The site in Jessen employs two-hundred people including six trainees

within two factory halls.

Feintool in brief

Feintool is an internationally active technology and market leader in

the field of fineblanking as well as a global provider of high-quality

and cost-effective fineblanked and formed components. As an innovation

driver, Feintool consistently pushes the boundaries of fineblanking and

develops smart solutions for its customers' ideas with two possibilities

for implementation: on the one hand, the delivery of fineblanking

systems and innovative tools and, on the other hand, the complete

production of precise fineblanked and formed components in high outputs

for demanding industrial applications. Feintool covers the entire

process chain. The processes used by Feintool support the trends in the

automobile industry. Thus, Feintool is a project and development partner

in the field of lightweight construction, module variations, and

alternative drive concepts such as hybrid and electric.

The company, founded in 1959 and headquartered in Lyss, Switzerland, has

its own production plants and technology centers in Europe, the United

States, China, and Japan, so it is always near its customers. Around

2,500 employees and over 80 trainees work worldwide on new solutions and

create key advantages for Feintool customers.

Feintool International Holding AG

Industriering 8 - 3250 Lyss

Switzerland

www.feintool.com

Media spokesperson

Karin Labhart

Telephone +41 32 387 51 57

Mobile +41 79 609 22 02

karin.labhart@feintool.com

www.feintool.com

The press release can be downloaded from the following link:

Press Release (PDF): http://hugin.info/100443/R/2208126/858845.pdf

This announcement is distributed by Nasdaq Corporate Solutions on behalf

of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely

responsible for the content, accuracy and originality of the information

contained therein.

Source: Feintool International Holding AG via Globenewswire

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Feintool International Holding AG

Industriering 8 Lyss Switzerland

ISIN: CH0009320091;

http://www.feintool.com

(END) Dow Jones Newswires

August 01, 2018 01:00 ET (05:00 GMT)