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21st Austria weekly - Fabasoft; Andritz (02/09/2022)

04.09.2022

Fabasoft: Fabasoft signed a purchase and participation agreement for the acquisition of a majority stake in 4teamwork AG, based in Bern. After full implementation of the contract, Fabasoft AG will hold 70% of the shares in the new Fabasoft 4teamwork AG. The previous CEO of 4teamwork AG, Dr. Pascal Habegger, will retain a 30% stake in Fabasoft 4teamwork AG and will promote further expansion in his existing role. The participation will take place in several steps. First, the indirect acquisition of existing shares of 21.7% from the previous majority shareholder is planned. At the closing, a capital increase is to take place, which will increase Fabasoft AG's share in 4teamwork AG to approximately 58.5%. This is to be followed by a merger with Fabasoft Schweiz AG, which in turn will result in Fabasoft AG holding a 70% stake in the new Fabasoft 4teamwork AG.
Fabasoft: weekly performance: 7.25%

Andritz: Recypur Eco SL in L'Alcúdia, Spain, has successfully started up a complete airlay line delivered, installed and commissioned by international technology group Andritz. The airlay line is designed for recycling of post-industrial and post-consumer foam and was developed specifically for the bedding and furniture industry, with material heights reaching 20 cm and densities of up to 120 kg/m3. Experimental tests carried out together with experts from Andritz Laroche led to the conclusion that the mechanical method for recycling polyurethane is the most versatile and reliable. With a capacity of 1.2 t/h, this airlay line enables Recypur to supply new mattresses made of industrial & post-consumer foam waste from old mattresses. This well proven process allows to reduce the environmental impact, increase self-sufficiency and eventually reduce the use of polyurethane.
Andritz: weekly performance: -2.83%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (02/09/2022)


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21st Austria weekly - Fabasoft; Andritz (02/09/2022)


04.09.2022, 1901 Zeichen



Fabasoft: Fabasoft signed a purchase and participation agreement for the acquisition of a majority stake in 4teamwork AG, based in Bern. After full implementation of the contract, Fabasoft AG will hold 70% of the shares in the new Fabasoft 4teamwork AG. The previous CEO of 4teamwork AG, Dr. Pascal Habegger, will retain a 30% stake in Fabasoft 4teamwork AG and will promote further expansion in his existing role. The participation will take place in several steps. First, the indirect acquisition of existing shares of 21.7% from the previous majority shareholder is planned. At the closing, a capital increase is to take place, which will increase Fabasoft AG's share in 4teamwork AG to approximately 58.5%. This is to be followed by a merger with Fabasoft Schweiz AG, which in turn will result in Fabasoft AG holding a 70% stake in the new Fabasoft 4teamwork AG.
Fabasoft: weekly performance: 7.25%

Andritz: Recypur Eco SL in L'Alcúdia, Spain, has successfully started up a complete airlay line delivered, installed and commissioned by international technology group Andritz. The airlay line is designed for recycling of post-industrial and post-consumer foam and was developed specifically for the bedding and furniture industry, with material heights reaching 20 cm and densities of up to 120 kg/m3. Experimental tests carried out together with experts from Andritz Laroche led to the conclusion that the mechanical method for recycling polyurethane is the most versatile and reliable. With a capacity of 1.2 t/h, this airlay line enables Recypur to supply new mattresses made of industrial & post-consumer foam waste from old mattresses. This well proven process allows to reduce the environmental impact, increase self-sufficiency and eventually reduce the use of polyurethane.
Andritz: weekly performance: -2.83%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (02/09/2022)



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