The Swiss supplier of electronic components Datwyler takes over the US company QSR. QSR is a supplier of seals and components for electrical connectors. As announced by Datwyler, the acquisition is expected to be completed in the second quarter of 2022.
“With this strategically important takeover, we will become the leading global provider of system-critical sealing solutions for electrical connectors for various industries and thus open up new exciting niches for us,” says Datwyler CEO Dirk Lambrecht. In terms of strategy, core competencies and culture, QSR is a perfect fit for Datwyler and will also accelerate the Group’s growth. “With the significantly strengthened market positions in North America and Asia, we will significantly reduce our dependency on the European market. The future independent Business Unit Connectors will also enable cross-selling with our existing Business Units Mobility and General Industry,” says the CEO. Datwyler calculates out loud Communication with an annual growth rate of 9 percent.
Plants in the USA, Mexico and China
QSR has five plants in the US, Mexico and China. In addition, 1250 people are employed there. According to the announcement, the company generated sales of 164 million US dollars or around 150 million Swiss francs in the 2021 financial year.
Due to the outstanding formalities regarding the takeover, Datwyler is postponing the semi-annual financial reporting by one month to August 24, 2022.
Also read: A reliable power supply plays an important role, especially under difficult conditions. However, as the Swiss Federal Office of Energy found, the Swiss power supply is not adequately protected against cyber attacks. Here you can find out where there is a need for improvement.
–
