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Aug 28th, 2013
 
Komax pulls out of solar business
 
The review of strategic options for Komax Solar and Komax Medtech announced with the publication of the annual results on 19 March 2013 is now complete.
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  • Komax Solar manufactures PV module assembly equipment

The Board of Directors has decided that Komax should focus even more closely on Komax Wire in the future. Komax Wire is the leader in its markets and is very profitable. Furthermore, the business model offers growth potential which will continue to be tapped into as part of the ongoing strategy.

Although the photovoltaics industry will no doubt remain interesting in the long term, the activities of Komax Solar will no longer form part of Komax’s core business in the future. The Board of Directors considers the risk profile of this business to be incompatible with the Group’s objectives. An alternative solution will therefore be sought for this business unit.

With regard to Komax Medtech, the market is showing signs of recovery. We also intend to support the business unit’s business more broadly on the basis of existing technologies and recognized process expertise. In addition, the initiatives aimed at improving profitability have shown encouraging results. In view of these favourable conditions, there is no need for action in this area. We are adhering to our medium-term target.


 
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