Shareholders of Wampfler AG have signed a contract with the company Delachaux, regarding future co-operation. As a result, Wampfler AG will merge as of January 2007 with the Delachaux group, which is listed on the French stock exchange. In this deal Delachaux will take over 100% of Wampfler AG. The purchase price has not been disclosed. The seat in Weil am Rhein, its location as well as the brand name Wampfler will be retained.
Wampfler AG and Conductix, up to now the branch of Delachaux S.A. for energy and data transmission are to be formed into a single division within the framework of a one to two year long transition phase. As a result of this transaction, the new unit will become a world market leader for energy and data transmission. Important advantages are created hereby for customers: closer proximity to customers due to a worldwide presence, extensive sales support and service on site as well as better research and development potential.
Market leader on a global level
According to Wampfler, this merger also provides a decided competitive edge in a highly competitive market. Conductix and Wampfler perfectly complement each other. The new unit will have the extensive product portfolio at its disposal as well as subsidiaries in all important markets. This creates the leading company in the energy and data transmission sector.
The branch has been in a dynamic consolidation process for a number of years. Wampfler is pleased to be part of creating the leading company of this industry. It is a positive development for Wampfler AG and the consequential step, based on industrial logic, according to Ziegler.
The location Weil am Rhein is strengthened
The company seat of Wampfler AG remains unchanged in Germany, no job cuts are planned at this location. Wampfler have been on the lookout for qualified manpower for quite some time in this booming market environment. Wampfler cannot even think about cutting jobs in this market situation.
The importance of the location Weil am Rhein in the Delachaux network is also emphasised by staff continuity. Both Stefan Ziegler and Financial Director Christopher Friedrich will retain their present functions as directors at Wampfler AG. In addition, it has been provided that both of them will be called to the executive board of the expanded energy and data transmission division of Delachaux after the one to two year integration phase, and that Stefan Ziegler will be the Chairman.
Technology Director, Uwe Bormann, however, will go into retirement in December 2006 in line with long term planning.