Metall Zug contributes the Schleuniger Group by way of Quasi-Merger into Komax
11 February 2022 – Komax Holding AG and Metall Zug AG have signed an agreement under which Metall Zug contributes its wire processing division, the Schleuniger Group, into Komax and receives a 25% stake in Komax in return. The transaction will be carried out through a quasi-merger in which Komax creates 1,283,333 new shares through a capital increase and then allocates these shares to Metall Zug AG exchange for the Schleuniger shares. The transaction is subject to, among other conditions, the approval of the general meeting of shareholders of Komax as well as clearance of the transaction by the competent competition authorities.
Komax is a globally active technology company based in the canton of Lucerne. Komax is listed on the SIX Swiss Exchange and will, following completion of the transaction, employ over 3,000 people worldwide.
Walder Wyss advises Komax as Lead Counsel in this transaction. The team was led by Stefan Knobloch (Partner, Corporate/M&A) and Theodor Härtsch (Partner, Banking&Finance) and included Christian Lütolf (Managing Associate, Corporate/M&A), Dario Galli (Associate, Corporate/M&A) and Katrin Hagger (Associate, Banking&Finance).