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Conzzeta: Strategic transformation completed - Conzzeta reaches agreement to divest Mammut


Conzzeta: Strategic transformation completed - Conzzeta reaches agreement to divest Mammut
Conzzeta / Key word(s): Disposal
26-Apr-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Strategic transformation completed
Conzzeta reaches agreement to divest Mammut
Zurich, April 26, 2021 - Conzzeta reports the signing of a binding agreement to divest its Mammut business unit to Telemos Capital, London, UK. Telemos Capital was founded and is chaired by Philippe Jacobs, who is also Co-Chairman of Jacobs Holding AG, Zurich, Switzerland. The closing of the transaction is expected by mid-2021, subject to regulatory approval. ....

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Mammut Acquired By Telemos Capital | SGB Media Online


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.” ....

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Conzzeta: Executive Committee to step down - Name change and appointment of Bystronic's management


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. ....

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