LONDON Schaffner Ltd has sold its test systems business to a group of investors led by the present head of the division, Johannes (Johnny) Schmid and having previously sold its power electronics business, says discussions are continuing with potential buyers of the remaining non-core businesses, cable and electroemulation test.
The sale of the EMC Test System business, which contributed £13million to Schaffner group sales in 2004/2005, is the latest phase in the company's ongoing strategy to refocus the group on the market for EMC components and modules.
“The sale of this business to the MBO team is ideal for both the components and test systems divisions” says Paul Dixon, managing director of Schaffner Ltd. “It will allow Schaffner to focus on further developing its large range of EMC components and modules. At the same time, customers of Schaffner’s test systems business will continue to be supported by a management team and employees committed to the development of EMC test equipment, software, systems and services.”
All the former test system activities will be brought together in a new group of companies with centers of competence for development, production and marketing in Luterbach, Switzerland (for conducted EMC products), Berlin (for RF products) and Wokingham, England (for systems and software development). Sales and service subsidiaries will be located in France, China, Japan, Singapore and the U.S..
Schmid will be appointed as president of the new company, which will continue to develop and provide instrumentation and test systems for EMC emission and immunity.