Ascom acquires distributor in Malaysia

Jul 9, 2014

Ascom Wireless Solutions acquires Malaysian distributor Scanditronic. This acquisition enhances Ascom's presence in South East Asia.

Scanditronic is a privately held specialist provider of wireless end-to-end communication solutions for increased workflow efficiency. The company currently operates as the distributor of Ascom Wireless Solutions products in Malaysia and the South East Asia region, with a customer base in Healthcare, Retail, Hospitality and Shipping. Scanditronic has its domicile and office in Kuala Lumpur, and all eight of the company's employees will join Ascom.

Hans Krister Tysk, Manager of Scanditronic, will continue to oversee the new Ascom subsidiary. In 2013, Scanditronic reported revenue of CHF 1.35 million.

The purchase price of the acquisition amounts to around CHF 1 million. The transaction is expected to be completed on August 1, 2014.

Claes Ödman, General Manager of the Wireless Solutions division said the following as regards the purchase: "This acquisition is in line with Ascom's strategy to establish a greater foothold in growth markets and gives us direct access to the Malaysian market and the South East Asian region."

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This document does not constitute an offer or solicitation to subscribe for, purchase or sell any securities. This document is not being issued in the United States of America or the United Kingdom and should not be distributed in any jurisdiction in a manner where such distribution would not comply with regulatory requirements. In particular, this document may not be distributed into the United States, to United States persons or to publications with a general circulation in the United States. In addition, the securities of Ascom have not been and will not be registered in any jurisdiction outside Switzerland. The securities of Ascom may not be offered, sold or delivered and no solicitation to purchase such securities may be made within the United States or to U.S. persons absent an applicable exemption from the registration requirements of the United States securities laws or within any other jurisdiction and in a manner where such offer, sale, delivery or solicitation might not be in compliance with regulatory requirements (including the United Kingdom).