Aarburg, July 24, 2014
The Swiss Franke Group, headquartered in Aarburg sells the Mobile Systems business, which is part of its subsidiary Franke Aquarotter GmbH based in Ludwigsfelde, Germany to the American TransDigm Group in Cleveland, Ohio. The sale and purchase agreement was signed on July 23, 2014.
The Artemis Group remained on its growth path during 2013, reporting growth of 4.6%. The Feintool Group in particular enjoyed strong demand from the automobile industry. Following the completion of a restructuring program, its efforts of recent years are now beginning to bear fruit.