Hydratec NV (Amersfoort, Holland) and Schurter Holding AG (Luzern, Switzerland) hereby announce that they have signed a heads of agreement under which Schurter will acquire the full ownership of Danielson Europe, a 100% subsidiary of Hydratec NV. Parties hope to reach a full agreement and complete the transaction as soon as possible.
Danielson Europe is a leading developer and producer of Man Machine Interfaces with sales of approx. € 20 mio. across Europe.
Schurter AG, a privately owned company founded in 1933, has successfully developed itself into a leading global electronic components manufacturer and distributor, with annual turnover of approx. Sfr. 180 mio, employing approx. 1,500 employees.
Roland Zoomers, CEO of Hydratec NV:
“Danielson has over the past years successfully developed itself towards an important designer and supplier of innovative interface solutions, especially touch-screens. Thus all its developments are based around electronic solutions and as such it can greatly benefit for its longer term future, being part of a strong electronic components group. One of the Schurter AG companies is itself a key player in the MMI industry. Also the global position of Schurter in electronic components offers substantial benefits. They simply offer excellent longer term possibilities for Danielson.”
All personnel, the workers council, the Social and economic council (SER) and the unions are today informed about the planned transaction.
Parties have agreed not to provide details about the financial compensation of the transaction, which is expected to be finalized within the coming month.
Profile Hydratec Industries NV (Hydratec)
Hydratec is an industrial holding company with companies engaged in the following sectors:
- Design, development and production of Agri & Food Equipment by Pas Reform Hatchery Technologies (Zeddam, Holland) en LAN Handling Systems (Tilburg, Holland)
- Design, development and production of Man Machine Interfaces (MMI) by Danielson Europe (Hardenberg, Holland and Ayelsbury, UK)
- Design, development and production of plastics-parts and-packaging by Timmerije (Neede, Holland) and Euro Mouldings (Nijverdal, Holland)
Hydratec Industries NV is listed at NYSE Euronext Amsterdam NV (ISIN NL0009391242, ticker: HYDRA.)