Agreement between The Swatch Group Ltd. and SMARTRAC N.V.

The Swatch Group Ltd. and SMARTRAC N.V. agree onthe sale and purchase of Sokymat Automotive GmbH
Dear Member of the Press,

we would like to inform you that the SMARTRAC N.V., Amsterdam, The
Netherlands has signed a contract regarding the acquisition of 75% of
SOKYMAT AUTOMOTIVE GmbH, a prior company of The Swatch Group Ltd.
Mr. Manfred Rietzler, Chief Technical Officer of SMARTRAC, has purchased the
remaining 25% of the shares of SOKYMAT AUTOMOTIVE GmbH from Swatch Group for
the same terms and conditions as SMARTRAC on a pro rata basis. The
acquisition is subject to standard closing conditions.

Mr. Markus Spreng will continue to head operations of SOKYMAT AUTOMOTIVE
GmbH in Reichshof-Wehnrath as CEO.

Please find attached the official press release with more details regarding
this operation. For further information do not hesitate to contact Pier
Costa of our agency Wise Media.

Kind regards,

Gewerbeparkstr. 10
51580 Reichshof-Wehnrath

Media contact:

Pier Costa
Media Relations
Wise Media S.p.A.
Via Lepetit 4
20124 Milano Italy
Tel: +39 02 8903 4112
Fax: +39 02 6738 8322
  • Join our community for FREE today!

  • Create and share your own profile

  • Join the discussions

  • Publish your own items

  • Subscription to our Weekly eNewsletter

your benefits?

Get connected with parking professionals worldwide

Create your account

Sign in with LinkedIn Close

FREE membership benefits

  • * create and share your own profile
  • * join the discussions
  • * publish your own items on parking-net.commanage news, jobs, tenders, companies, events, showcases, educations, associations and literature.
  • * subscribe to our weekly eNewsletter
Add news yourself


There are no comments yet for this item

Join the discussion

You can only add a comment when you are logged in. Click here to login