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The Conzzeta has made an official announcement that in order to enhance flexibility to deploy growth strategy, as part of the growth strategy for its Bystronic business unit, Conzzeta signed an equity transfer agreement to increase the participation in DNE Laser, Shenzhen, China, from 70% to 100%.
From now on, DNE Laser has stepped into the new era of Bystronic Group Wholly-Owned Holdings.
According to the Alex Waser, CEO of Bystronic and EC Member of Conzzeta: “In the context of the current market situation and our ambitious growth plans, this is a good moment in time to take full control of DNE Laser. We further strengthen our ties as we aim to jointly realize our potentials, also by developing our market coverage across client groups as well as by making our product offering more complete to the benefit of our clients.”
Bystronic acquired initial participation in DNE Laser of 51% in July 2016, followed by an increase to 70% in August 2019. DNE Laser contributed in 2019 to greater value to the sheet metal processing segment revenue of Conzzeta. DNE Laser will continue to operate under its own brand and with a dedicated sales and service organization for its cost-efficient laser cutting equipment to serve clients, complementing the product and solution offerings of Bystronic.
Dr.Song You, President of Bystronic Group in China and the new general manager of DNE Laser, pointed out that despite whatever we've achieved and lost before, we'll step ahead unswervingly just like how we'd kicked off at the very beginning. Bystronic will fully invest in technology and finance so that DNE Laser can obtain a broader market space, become a global benchmark enterprise in the laser industry, go further and wider! Wish we all work together to build a brilliant future.
More: https://en.dne-china.com/show-19-59.html
#Bystronic #DNELaser #Conzzeta