Bobst Group SA, Mex/Switzerland, and WIFAG-Polytype Group, Bern/Switzerland, have entered into exclusive negotiations regarding a potential acquisition of WIFAG-Polytype’s coating technology business, as part of the BOBST strategy to successfully drive and continuously expand its existing product portfolio. With this acquisition, BOBST intends to leverage the strengths of both companies and to continue growing its coating technology business internationally.
The proposed transaction is subject to the parties reaching a definitive agreement, with the closing of the transaction expected to occur at the end of the second quarter of 2016. Even if a definitive agreement is reached, the transaction may be subject to customary regulatory approvals and potentially other conditions. There is no assurance, however, that any definitive agreement will be reached or that the closing of the contemplated transaction will occur.