26 April2021Mikron’s Swiss subsidiaries to be merged
Mikron’s Swiss subsidiaries to be merged
Biel/Bienne, April 26, 2021, 7 a.m. – In the 2020 financial year, the Mikron Group successfully adapted its structures. To simplify the organization, the Board of Directors of Mikron Holding AG has now decided to merge the four Swiss subsidiaries Mikron SA Boudry, Mikron SA Agno, Mikron Tool SA Agno and Mikron Management AG, Langenthal, retroactively effective as per January 1, 2021. Mikron Holding AG, Biel, remains a separate entity. From the merger of its four Swiss subsidiaries Mikron expects a one-time positive tax effect for the financial year 2021 in the vicinity of CHF 5 million by utilizing and capitalizing tax loss carryforwards. The merger has no impact on the operating activities of the Group nor the management of the single locations.
Brief profile of the Mikron Group
The Mikron Group develops, produces and markets highly precise, productive and adaptable automation solutions, machining systems and cutting tools. Rooted in the Swiss culture of innovation, Mikron is a global partner to companies in the automotive, pharmaceutical, medtech, consumer goods, writing instruments and watchmaking industries. The Mikron Group enables its customers to increase quality and industrial productivity. The Group has over 100 years of experience, state-of-the-art technologies, and a global service. The two business segments Mikron Automation and Mikron Machining Solutions are based in Switzerland (Boudry and Agno). Additional production sites are located in the USA, in Germany, Singapore, China and Lithuania. Mikron Holding AG shares are traded on SIX Swiss Exchange (MIKN). The Mikron Group employs a total workforce of around 1,350.
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26 April2021Mikron’s Swiss subsidiaries to be merged
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