Altdorf, Switzerland – Datwyler is streamlining its focus on providing ‘system-critical’ elastomer components with the sale of its online distributor Reichelt.
In a 6 Sept statement, the Swiss rubber group said it expected to complete the sale of the online platform, with a revenue of CHF 189 million (€174 million), to private equity firm Invision, headquartered in Zug, Switzerland and Dusseldorf.
With the move, Datwyler completes its ‘transformation’ into becoming solely a supplier of system-critical elastomer components, said CEO Dirk Lambrecht.
“In the forthcoming phase, we will be focussing on organic growth as well as targeted acquisitions to strengthen existing business sustainably,” he added.
Reichelt is an online distributor of electronic components and has 280 employees.
The divestment of the online platform is the latest in a series of portfolio adjustment moves by Datwyler in recent months to shift focus on 'high-growth' markets.
In March 2020, the Swiss group sold its Distrelec and Nedis distribution businesses to German investment firm Aurelius.
A month after that, Datwyler sold its civil engineering business in Germany, Datwyler Sealing Technologies Deutschland GmbH, to the existing management.