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13.03.2015 | Diploma PLC acquires Kubo Group
back to overviewWe are pleased to announce that Diploma PLC acquires the industrial holding company Rutin AG, which contains the Kubo Group. The Kubo Group comprises the companies Kubo Tech AG, Kubo Form AG, Johannsen AG, all in Effretikon, Switzerland, as well as Kubo Tech GmbH in Linz, Austria.
Diploma PLC, based in London, is an international group of businesses supplying specialised technical products and services. Diploma PLC is listed on the London Stock Exchange.
The acquisition of the Kubo Group fits very well with Diploma PLC’s strategy in Seals of building a stronger pan-European business, which, so far was geographically more focussed on the USA and Great Britain.
Diploma PLC’s strategy is to let the companies continue to run their business as independent companies, under the present company names and with the current structures. Diploma PLC wants their managers to feel that they have the freedom to run their own businesses while being able to draw on the support and the resources of a larger group.
Hence, for you as our business partners there will be no changes in the business transactions. Our products, services and your contact persons remain the same.
By this step, we are convinced to lay a sound foundation for a further sustainable development of our business.
For further information:
Kubo Tech AG
Im Langhag 5
CH-8307 Effretikon
Thomas Raible, CEO, T +41 52 354 18 18
Michael Karrer, CFO, T +41 52 354 18 50
Brigitt Zwing, CCO, T +41 52 354 18 45
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