Complements the sheet metal processing business of Bystronic.
Conzzeta has announced 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 (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. Bystronic 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 and service organisation within the Bystronic business unit of Conzzeta.
“The transaction is a step towards the further internationalisation of our Group. This acquisition adds significant scale to Bystronic’s footprint in Asia and provides additional growth opportunities for Bystronic globally,” said Michael Willome, Group CEO of Conzzeta.
“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,” said Zhang Yonghong, founder, President and CEO of DNE Laser.
Yonghong will remain CEO of DNE Laser and join the Group Executive Team of Bystronic.
The Conzzeta Group of companies are involved in the sheet metal processing, sporting goods, foam materials, graphic coatings and glass processing industries. The Group has 3 500 employees at more than 60 locations worldwide. Conzzeta is listed on the SIX Swiss Exchange (CON.SW).