Swiss holding company Conzzeta announced that it had reached an agreement to sell Mammut to financial investor Telemos Capital.
In December 2019, Conzzeta said it had decided to explore sales offers for Mammut after determining the company’s future focus would be on its Bystronic business unit.
“I am extremely proud of our entire team and our development over recent years. Today’s announcement is great news,” said CEO of Mammut Sports Group, Oliver Pabst. “Steered by our purpose ‘To Create a World Moved by Mountains’, we’re looking forward to working with Telemos and with our partners to continue expanding the leading position of Mammut Swiss 1862 as a premium brand in existing as well as new markets, and to impress with sustainable, innovative and digital product solutions.”
EQS-Adhoc: Conzzeta: Strategische Transformation vollendet - Conzzeta meldet die Vereinbarung zur Veräusserung von Mammut
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EQS-Adhoc: Conzzeta AG: Strategische Transformation vollendet - Conzzeta meldet die Vereinbarung zur Veräusserung von Mammut
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Conzzeta: Executive Committee to step down - Name change and appointment of Bystronic s management
16-March-2021 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Conzzeta s Executive Committee to step down
Name change and appointment of Bystronic s management
Zurich, March 16, 2021 - As a further step in the ongoing strategic transformation, Conzzeta s Executive Committee will step down at the upcoming Annual General Meeting on April 21, 2021. The Board of Directors of Conzzeta AG will propose to the Annual General Meeting that Conzzeta AG be renamed Bystronic AG and appoints Bystronic s Executive Committee as of this date.