TAKEOVER OF SCHMID AUTOMATION — Simon Sauter completes management buy-out
We are pleased to inform you that the management buy-out process of Schmid Automation AG, which has started five years ago, has now been completed. Simon Sauter takes over the entire business of Schmid Automation AG, including its subsidiaries Schmid Automation GmbH, Augsburg and Schmid Schaltanlagen AG, St. Gallen, retroactively per 1st of November 2022. Simon Sauter has been Managing Director of Schmid Automation since 2017 and already held a minority stake in the company. Until now, the remaining shares belonged to FILTROX Holding AG. In the future, FILTROX wants to focus entirely on its core business, which is depth filtration of valuable liquids.
“Simon Sauter is the ideal owner for Schmid Automation AG. As an experienced engineer and long-standing managing director, he is perfectly prepared to lead the company successfully into the future”, Dr. Cristian Rusch, CEO of FILTROX, is quoted. Simon Sauter adds: “It gives me great pleasure to further develop the topics of digitalization for the benefit of our customers with our highly motivated team”.
Legally, the company Java Technologies AG, St. Gallen, which is 100% owned by Simon Sauter, will take over all assets and liabilities related to the Schmid Automation business. Java will be renamed Schmid Automation AG. The former Schmid Automation AG will cease its business activities and will be merged with FILTROX AG. There will be no changes for customers, employees, suppliers and other business partners. All business relationships and contracts will continue as before.
If you have any questions, please contact:
Dr. Cristian Rusch, CEO FILTROX
+41 71 272 91 11; cristian.rusch@filtrox.com
Simon Sauter, Owner and Managing Director Schmid Automation AG
+41 71 272 33 40; simon.sauter@schmidautomation.com
On the photo: Cristian Rusch and Simon Sauter (on the right) after the signing of the take-over contract.