December 22, 2016
Company Announcement: Quant is selling its Manufacturing Services business in Switzerland to two private entrepreneurs
Divestment corresponds with Quant’s strategy to establish itself as a market leader in the field of industrial maintenance and to separate itself from business with limited synergies.
Stockholm, Sweden, 22th December 2016 – Quant has announced that it has signed a contract to sell its Manufacturing Services business. It has been agreed upon that the purchase price shall remain confidential.
Quant (www.quantservice.com) is a global market leader in the field of industrial maintenance, which was borne out of ABB’s former Business Unit Full Service at the beginning of 2015. In the Manufacturing Services business (www.manufacturingservices.ch), Quant is the innovative manufacturer and contractor of precision parts, small series and assemblies. As a partner for complex manufacturing solutions in machining, sheet metal processing and heat treatment, Quant has enabled itself to develop new solutions owing to the flexibility of the systems combined with the creativity of its experts.
Following completion of the transaction, the three divisions (Maintenance, Heat Treatment and Manufacturing Services) will be led as independent companies. The Maintenance business will remain part of the global Quant Group as Quant Service GmbH. The Heat Treatment business will be operated as before by the two entrepreneurs, Karl Spielberger and Fabrice Nava, under the name Wärmebehandlung Klingnau AG and the areas of sheet metal processing, mechanical manufacturing and assembly will be operated under Quant Switzerland GmbH. The operational management of the two units will continue to be handled by the existing management team. Quant Switzerland GmbH will change its name at a later date. All business relations will be carried forward and the transaction will have no influence on business partners or employees.
“This divestment corresponds with our strategy of concentrating on the maintenance business and developing a global market leader in the field of industrial maintenance“, explains Olof Sand, CEO of the Quant Group.
“We are very much looking forward to leading the Manufacturing Services business into its next development phase and to sustainably expanding our business. Heat treatment in Klingnau and contract manufacturing in Kleindöttingen will become independent of each other and will be continued as two companies, nevertheless, still benefitting from shared synergies“, explains Karl Spielberger.
Both entrepreneurs Karl Spielberger and Fabrice Nava are private investors who jointly hold a number of Swiss SMEs, mostly in plant and mechanical engineering. Investments are held over the long term and are further advanced through organic growth and appropriate additional acquisitions.
Contact for further information:
CEO Quant Switzerland GmbH
+41 58 585 61 91