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BASLER AG (FRA:BSL) Basler AG: Basler AG reports successful participation and respectively takeover of the distribution partners in France and Italy

Transparency directive : regulatory news

05/07/2022 07:20

DGAP-News: Basler AG / Key word(s): Investment
Basler AG: Basler AG reports successful participation and respectively takeover of the distribution partners in France and Italy

05.07.2022 / 07:20
The issuer is solely responsible for the content of this announcement.


Corporate News

Basler AG reports successful participation and respectively takeover of the distribution partners in France and Italy

Ahrensburg, July 5, 2022 – Basler AG, a leading manufacturer in the field of computer vision, successfully implemented the participation of 25.1 percent in the distribution business of its French distribution partner i2S as announced on May 2. The newly founded joint venture will trade under the name of Basler France in the future. In the further course, it is intended that Basler will take over the remaining 74.9 percent of the shares on July 1, 2024.

Moreover, on May 19, the company announced the acquisition of the distribution business of its long-time Italian distribution partner Advanced Technologies S.p.a.. The acquisition was still subject to the consultation and notification procedures required by law. These have now also been completed and thus the acquisition was successfully implemented on July 4, 2022. The newly founded subsidiary will trade under the name of Basler Italy in the future.

Alexander Temme, Chief Commercial Officer (CCO) of Basler AG, explains: ”For several years now, Basler has been consistently expanding its product and service portfolio and has meanwhile transformed from a camera maker to a full-range provider. The two transactions now successfully implemented support the expansion of the product offering through a highly qualified direct market access.”

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Basler is a leading international manufacturer of high-quality imaging components for computer vision applications. In addition to classic area scan and line scan cameras, lenses, frame grabbers, light modules, and software, the company offers embedded vision modules and solutions, 3D products, as well as customized products and consulting services. Basler's products are used in a variety of markets and applications, including factory automation, medical, logistics, retail, and robotics. They are characterized by high reliability, an excellent price/performance ratio, and long-term availability. Founded in 1988, the Basler Group employs around 1000 people at its headquarters in Ahrensburg and other locations in Europe, Asia, and North America. Thanks to its worldwide sales and service organization and cooperation with renowned partners, it offers solutions that fit for customers from a wide range of sectors. 
 

Basler AG, Hardy Mehl (CFO/COO), An der Strusbek 60 – 62, 22926 Ahrensburg, Tel. +49 (0)4102-463100, ir/baslerweb.com, www.baslerweb.com, ISIN DE 0005102008 



 




Contact:
Basler AG
Verena Fehling
Tel. +49 4102 463 101
Email: Verena.fehling@baslerweb.com


05.07.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Basler AG
An der Strusbek 60-62
22926 Ahrensburg
Germany
Phone: 04102-463 0
Fax: 04102-463 109
E-mail: ir@baslerweb.com
Internet: www.baslerweb.com
ISIN: DE0005102008
WKN: 510200
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1390505

 
End of News DGAP News Service

1390505  05.07.2022 

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