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©tamas-ambrits-dreamstime.com Electronics Production | March 19, 2012

Leoni Group sells subsidiary

Leoni has sold its Swiss subsidiary Leoni Studer Hard AG to Synergy Health, a provider of outsourced sterilisation services.
The purchase price was EUR 47.6 million.

The divestiture of the company, located in Däniken, Switzerland, comprises a Gamma and an X-ray sterilisation device, both providing irradiation services to the medical device, pharmaceutical and packaging industries.

All of the company’s 35 employees will also be taken over by Synergy Health. Leoni Studer Hard AG recorded revenues of about CHF 10.4 million (EUR 8.6 million) in 2011.

The Leoni Group said it will focus on the electron beam crosslinking technology and expand the related business in order to strengthen its leading position in this field in Europe.

Leoni will continue operating all its crosslinking installations in Däniken and Bautzen (Germany. These services are from now on provided by Leoni Group’s subsidiary Leoni Studer AG.

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