Ascom continues to implement its asset light strategy

Aug 20, 2013

Ascom Wireless Solutions has concluded an agreement with Fideltronik Group to outsource production and repair in its Swedish factory in Herrljunga.

At the same time, Fideltronik and Ascom have entered into a strategic supply agreement to continue the existing production and repair of devices in Herrljunga. Ascom will continue to uphold a supply chain management with about 20 employees.

Fideltronik Scandinavia AB will as of 1 September 2013 take over the Herrljunga factory in Sweden and further develop the manufacturing business also with external customers. As part of the transaction 150 employees will transfer to Fideltronik.

Fideltronik is a privately owned technology solutions company with its headquarters in Sucha Beskidzka, Poland. Currently, the Fideltronik Group employs 1,400 people at four sites in Poland. Fideltronik Scandinavia AB is an affiliate of the Fideltronik Group, which already has a solid customer base in the Nordic region.

"With the outsourcing of Ascom's last remaining assembly activities we continue the implementation of our asset light strategy", says Fritz Mumenthaler, CEO of Ascom. "We continue to invest over 10% in R&D on Group level, but have all our devices assembled by specialized companies with the necessary economies of scale", he adds.

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).

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).