2nd July 2020 -IAM, News
Olivier Aeschlimann, Senior Financial Analyst
Founded in 1887, Metall Zug is now an industrial group of companies with six business units and a workforce of about 5’000 employees. The business units are: Household Appliances (V-Zug, SIBIR, Gehrig); Infection Control (Belimed Infection control); Life Science Solutions (Belimed Life Science); Medical Devices (Haag-Streit); Wire Processing (Schleuniger); Technologycluster & Infrastructure. The Company’s AGM decided on April 24 2020, to spin-off V-Zug (including the SIBIR brand) and the newly listed company will trade on the Swiss market from June 25 2020. The spin-off should increase both str ategic and operational flexibility of V-Zug. The brand will benefit from a higher recognition abroad and will strive to grow internationally, potentially with foreign partners. However, Metall-Zug will keep approximately 30% of the newly listed company. As a result, Metall-Zug will turn even more into a portfolio company specializing in some high-value added industrial niches.
