Business | March 18, 2020
Datwyler completes the sale of Distrelec and Nedis
On 16 March 2020 Datwyler closed the sale of the distribution companies Distrelec and Nedis, which was first announced back in December 2019.
The antitrust authorities have approved the transaction without imposing any restrictions. Thus, all terms of the contract have been fulfilled and the German Aurelius has become the owner of all companies of Distrelec and Nedis. The parties agreed not to disclose the details of the transaction. For the sale of Reichelt, Datwyler says it will take the time to evaluate further options to optimise value.
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