Synthes to divest Techron’s non-core business
Solothurn / Raron / Etzgen, October 27, 2006
Effective December 31, 2006, Synthes will sell the non-core automotive business of Techron AG in Raron/Switzerland to Jehle Engineering AG. Jehle’s new subsidiary will be called Techron AG, based in Etzgen/Switzerland. Synthes will retain the medical device manufacturing operations of Techron AG which will be renamed, Synthes Raron GmbH. The parties have agreed to not disclose the transaction price.
The business will be transferred to Jehle AG in phases and this process will be actively supported by Synthes Raron for twelve months. All current employees will be offered a job with Synthes Raron, where Synthes plans to expand its manufacturing activities.
Synthes: A leading medical device company
Synthes is a leading global medical device company. We develop, produce and market instruments, implants and biomaterials for the surgical fixation, correction and regeneration of the human skeleton and its soft tissues.
Jehle AG: A leading company in stamping and forming technology
Jehle AG, based in Etzgen (Switzerland), is a leading company in the stamping and forming business with 130 employees. Together with its own in-house tool and mould design and manufacturing team, Jehle AG offers solutions starting from its engineering to the finalized part or assembly group. As a known specialist in metal forming including welding and other joining-part technologies, the company produces high-precision quality products.
For further information please contact
Peter Fehlmann, Investor Relations, Synthes, Inc.
Phone: +41 32 720 48 10 , Fax: +41 32 720 48 11
e-mail: ir.info@synthes.com
Ulrich Jehle, General Manager, Jehle AG
Telefon +41 62 867 3030, Fax +41 62 867 3040,
e-mail u.jehle@jehleag.ch