Acquisition of Reichelt Elektronik by Daetwyler Completed

(PresseBox) ( Altdorf, )
The Daetwyler Group in the first week of January 2010 completed the acquisition announced on 11 December 2009 of the German catalogue distributor Reichelt Elektronik.The antitrust authorities approved the transaction without imposing any restrictions. Thus, Daetwyler Holding Inc. has become the owner of Reichelt Elektronik GmbH & Co. KG headquartered in Sande(Friesland). Within the context of the annual reporting 2009, definition and attribution of the purchase price will be determined in accordance with IFRS.

For Daetwyler, the acquisition of Reichelt Elektronik (annual sales of around CHF 150 million) will mean a further spurt for growth in 2010 of its catalogue distribution business of industrial electronics, automation and computer accessories. This acquisition fits in with Daetwyler's consistent strategy of strengthening the development of its trading activities, thereby further upgrading previous acquisitions as well as the core business of its Technical Components Division.

Reichelt (www.reichelt.de)

Reichelt Elektronik GmbH & Co. KG is a leading catalogue distributor for industrial electronics, automation and computer accessories in Germany. A basic range of more than 35,000 products, high stock availability and a 24hour delivery service are the basis for its strong market position in the Businessto-Business as well as in the Businessto-Consumer segment. With its approximately 200 employees Reichelt generates annual sales of around Euro 100 million (CHF 150 million). As much as 70% of all orders are generated through the web shop. The company, headquartered in Sande (Friesland) with a stateoftheart logistics centre has since 1990 been continually developed by its ownermanager Angelika Reichelt.
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