Press Release: Schweiter Technologies: Expansion of 3A Composites transportation business

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   February 11, 2015 00:01 ET (05:01 GMT)- - 12 01 AM EST 02-11-15

-2 of 2- 11 Feb 2015 05:01:00 UTC  Press Release: Schweiter Technologies: Expansion of 3A Composites transportation business

Schweiter Technologies / Schweiter Technologies: Expansion of 3A Composites transportation business . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

Horgen, February 11, 2015 - Schweiter Technologies is strengthening the 3A Composites division's transportation business and has entered into an agreement to acquire Polish company Plastwag. Plastwag generated sales equivalent to around CHF 10 million in 2014. The agreed enterprise value for Plastwag is in the low double-digit million CHF range. The transaction is expected to be completed by the end of March 2015.

Plastwag (www.plastwag.pl) is a medium-sized Polish company which manufactures high-quality fiber-reinforced and thermoformed plastic components for the mass transportation sector. The company is located in Mielec, one of Poland's largest special economic zones.

In acquiring Plastwag, 3A Composites is significantly strengthening its activities in the area of functionally integrated lightweight systems for energy-efficient buses and rolling stock. Centrally situated between Western and Eastern Europe, Plastwag is ideally positioned to serve the major plants of existing and new customers in Poland and neighboring countries. The acquisition will add new production technology offerings to the current product portfolio, marking an important step in the direction of system supplier. The Plastwag plant's modern infrastructure and attractive location will increase the 3A Composites division's competitive leverage in the transportation business over the long term.

For further information please contact:

Martin Klöti, CFO

Tel. +41 44 718 33 03, fax +41 44 718 34 51, martin.kloeti@schweiter.com

Schweiter Technologies AG, Neugasse 10, CH - 8810 Horgen, Switzerland

Tel. +41 44 718 33 03 Fax +41 44 718 34 51 info@schweiter.com

www.schweiter.com

Please find the Media release in the PDF attached:

Media release (PDF): http://hugin.info/100347/R/1893209/670795.pdf

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: Schweiter Technologies via Globenewswire

HUG#1893209

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Schweiter Technologies

Neugasse 10 Horgen Switzerland

ISIN: CH0010754924;

http://www.schweiter.com (END) Dow Jones Newswires

   February 11, 2015 00:01 ET (05:01 GMT)- - 12 01 AM EST 02-11-15