AFS Austria purchases Tridonic connection technology shares

MBO: To promote the focus on LED light technology, Tridonic sells their subsidiary in Innsbruck which will trade under the brand name Electro-Terminal in future

The company which belongs to the Vorarlberg based Zumtobel Group will part with its connector business. In this context, the local management of Tridonic connection technology GmbH, formerly a subsidiary of Tridonic with seat in Innsbruck, has taken over all shares of the company under its own responsibility together with AFS All Freight Systems GmbH, Innsbruck, the internationally operating logistics partner of many years, with effect from 30 April 2014.

By 31 October 2014 at the latest, Tridonic connection technology will trade again under its former brand name Electro-Terminal, the name under which the company was established 50 years ago. In order to benefit from synergies also in future, both companies will closely work together within the scope of a cooperation agreement in the area of development. Moreover, Tridonic connection technology will remain a major supplier of the Zumtobel Group.

The proceeds of the sale will be invested by Tridonic in the development of its innovative range of LED systems. The company’s 97 employees will continue to be employed at the site. The parties have agreed to keep silent about the sum of the purchase. “Our former subsidiary is now going to set out into independence with a great team and innovative products. With Walter Mittermüller, the company has an experienced managing director, who has been on board for over 25 years. I wish the Innsbruck team lots of success along its way”, says Alfred Felder, Tridonic CEO

Walter Mittermüller, managing director and now also shareholder of Tridonic connection technology, which produces about 50 % of its turnover outside the lighting sector, states: “As an independent company, we are able to act flexibly and independently on the market and to satisfy the requirements of our customers even better. With our highly skilled team and a new, innovative product portfolio, we are positioned perfectly in the 50th year after our formation. Today already, we supply major customers in the electrical goods and household appliances sectors, and we intend to strengthen that position in future. In doing so, we continue to count on our experienced colleagues, who have been the basis of our success ever since the beginning.”

Tridonic connection technology was established under the name of Electro-Terminal by Dr. Walter Zumtobel, the founder of today’s Zumtobel AG, and his sales partner of many years, Ferdinand Rojkowski, in Innsbruck in 1964. In doing so, Zumtobel outsourced the “electrical installation supplies” sector. Before that, the connectors were still manufactured at the luminaire plant in Dornbirn. As an independent company, Electro-Terminal henceforth specialised in the manufacture and sales of connectors. In 2005, Electro-Terminal was renamed TridonicAtco connection technology, and in 2010 the name was changed to Tridonic connection technology. Today, the highly specialised company manufactures and distributes electromechnical connections, optomechanical components and system components for the lighting industry as well as the electrical goods and household appliances sectors.

www.afs-austria.at/wilkommen-afs-spedition-transport-luftfracht-seefracht,pid,1,bid,1218694116,lid,en.html

Quelle: LogEastics
Portal: www.logistik-express.com