Conzzeta: Disposal of the segment Glass Processing Freitag, 25. Januar 2019 - 07:05

Conzzeta / Key word(s): Disposal
Conzzeta: Disposal of the segment Glass Processing

25-Jan-2019 / 07:05 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Streamlining of the business portfolio
Conzzeta is divesting its Glass Processing segment

Zurich, January 25, 2019 - Conzzeta reports the signing of a binding
agreement to divest its Glass Processing segment to Glaston Corporation,
headquartered in Helsinki, Finland, for an enterprise value of EUR 68
million (CHF 78 million). The closing of the transaction is expected by the
end of the first quarter 2019, subject to regulatory approval. Glaston has
secured committed debt and equity financing, subject to customary conditions
and support of an extraordinary general meeting, respectively.

Glaston provides glass processing technologies and services for the
architectural, solar, appliance and automotive industries with net sales of
EUR 110 million in 2017. It is committed to serve clients with both the best
know-how and the latest technologies in glass processing.

The Glass Processing segment of Conzzeta (Bystronic glass) is highly
complementary to the activities of Glaston. In 2017 it generated net sales
of EUR 107 (CHF 119 million) with innovative solutions for the processing of
architectural and automotive glass.

Together, the two companies will form a significant player in the glass
machinery business by integrating important elements of the value chain.
They will provide a comprehensive product and service offering from
tempering and laminating through to insulating glass manufacturing and glass
handling as well as services.

Michael Willome, Conzzeta Group CEO, commented: "The transaction is the
result of compelling industrial logic: only increasingly integrated and
digital solutions enable a sustainable improvement in client productivity
across the various process steps. Employees will receive the opportunity to
set new standards by creating a leading-edge ecosystem for the global glass
processing industry. At Conzzeta, we will now concentrate on our three
remaining segments: Sheet Metal Processing, Chemical Specialties and
Outdoor."

Arto Metsänen, President & CEO of Glaston, commented: "I am very pleased to
welcome Bystronic glass's highly professional team to Glaston. We have
followed the company for years and we are very impressed by the quality of
its products and its transformation when it comes to both operational and
financial performance. Together we will become a leading player in the glass
processing technology market for the benefit of our customers. With our
combined capabilities and expertise, we will be able to offer customers
equipment, services and solutions from one supplier optimizing customer
operations and driving customer value."

Burghard Schneider, CEO of Bystronic glass, commented: "We are proud of our
employees for delivering significant improvements over recent years. The
transaction will open a new chapter to the benefit of all stakeholders. With
an enhanced systems-thinking and strengthened R&D capabilities we will shape
the industry trends towards energy efficient solutions and digital
integration, jointly with our new colleagues from Glaston. Together we can
serve our broad, global client base even better and we remain committed to
deliver flat glass processing at its best in terms of productivity, quality
and cost."

Inquiries:
Michael Stäheli, Head Investor Relations & Corporate Communications;
Tel. +41 44 468 24 49, media@conzzeta.com


About Conzzeta
Conzzeta is a broadly diversified Swiss group of companies. It stands for
innovation, market orientation and a long-term perspective. Conzzeta strives
for leading positions in its target markets worldwide, with above-average
growth and sustainable value creation. Over 5,000 employees at more than 60
locations worldwide are dedicated to offering customers innovative solutions
in Sheet Metal Processing, Foam Materials, Graphic Coatings, Outdoor and
Glass Processing. Conzzeta AG is listed on the SIX Swiss Exchange (SIX:
CON).

About Glaston
Glaston is a frontrunner in glass processing technologies and services. It
responds globally to the most demanding glass processing needs of the
architectural, solar, appliance and automotive industries. It utilizes
emerging technologies that integrate intelligence and sustainability to
glass. Glaston is committed to providing clients with both the best know-how
and the latest technologies in glass processing. Glaston's shares (GLA1V)
are listed on NASDAQ Helsinki Ltd. Further information is available at
www.glaston.net


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End of ad hoc announcement

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