| Uster Tech: Board of Directors agrees to further postpone publication of announced takeover offer |
| 31.01.12 07:08 | |
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Uster, Switzerland – 31 January 2012 – The Board of Directors of Uster Technologies AG has noted and agrees to the decision by the Swiss Takeover Board to further extend the deadline of publication of the public tender offer by Toyota Industries Corporation for all publicly held shares of Uster Technologies AG. The independent Board Members continue to recommend that shareholders do nothing for the time being about the announced offer from Toyota Industries Corporation, but to wait until the Board of Directors delivers its official response to this offer. About Uster Technologies AG The Uster Group is the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry. The Group provides testing and monitoring instruments, systems and services that allow optimization of quality through each individual stage of textile production; from the raw textile fiber, such as cotton, wool or synthetic filament yarns, to the final finished fabric. The Uster Group provides benchmarks that are a basis for the trading of textile products at assured levels of quality across global markets. The Group is headquartered in Uster, Switzerland and operates through a worldwide Market Organization complemented by Technology Centers. It has sales and service subsidiaries in the major textile markets and Technology Centers in Uster (Switzerland), Knoxville (USA) and Suzhou (China). In 2010, the Uster Group generated gross sales of CHF 133 million and an operating profit (EBITA) of CHF 35 million, with a workforce of approximately 445 employees. |
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