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Elma to acquire Trenew Electronic AG

Elma to acquire Trenew Electronic AG

Business news |
By eeNews Europe



Besides the offering of Embedded Computing Systems and Electronic Packaging, Trenew Electronic is an expert for Power Supplies. With a production site in Rüti ZH and own sales staff in Germany and Switzerland, Trenew Electronic generated a revenue of some CHF 19 million in 2014 with approximately 40 employees.

The integration of Trenew is expected to have a positive effect on Elma’s growth and profitability. Trenew Electronic will be consolidated into the Elma Group as from November 2015.

Trenew Electronic (www.trenew.ch) was founded in 1988 by the previous owner and CEO Peter Hotz and is active Europe-wide in the business of Embedded Computing Systems, Power Supplies, Electronic Packaging, Electronic Engineering as well as Assembling & Testing.

As a solution focused Group, Elma develops and produces innovative and customized components and system solutions worldwide. With the acquisition of Trenew, Elma continues its growth strategy to further develop and expand the system business and strengthens its know-how in the development and implementation of integrated system solutions.

At the same time Elma will enhance its market position in standard and customized solutions in the Electronic Packing business. In addition, the Elma Group will enter the power supply market through Trenew and plans to expand this market with existing engineering knowhow.

In a first phase, Trenew Electronic will continue to operate independently, maintaining the company’s CEO Peter Hotz with operational responsibility. During the 2016 annual general meeting, the Board of directors will propose to elect him as a member to the board of directors of Elma Electronic AG. The financial details of the acquisition were not disclosed.

Visit Elma Electronic AG at www.elma.com

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