Uster Technologies AG has completed its acquisition of the Zellweger Uster division of Zellweger
Luwa. The company will continue to be based in Switzerland.
Purchase price was CHF 160 million, excluding an earn-out of maximum CHF 15 million. Business
partners include CapVis Equity Partners AG, Switzerland; Germany-based Quadriga Capital
Beteiligungsberatung GmbH; and senior management of the former Zellweger Uster. The company will
retain its 470 employees.
IntelliGin from Uster Technologies
Uster plans to further develop its business and expand into new markets. “We will pay even
closer attention to our customers’ needs and focus on customer-oriented services and innovative
technologies,” said Geoffrey Scott, CEO.
The company is looking towards Asia, which represents 60 percent of its export market, to
expand with new product lines to provide quality solutions for the textile industry. Adjacent
market areas also will be targeted.
March 2003
