UNTERENGSTRINGEN & ROTKREUZ, Switzerland--(BUSINESS WIRE)--The two Swiss providers of trading floor and control room solutions are pooling their expertise and strengthening their presence on the market. The consolidation of the two subsidiaries of the WEY Group AG creates ideal conditions to continue competing successfully on the international market. At the same time, the merger strengthens the Swiss location in Unterengstringen near Zurich and creates additional jobs.
WEY Elektronik AG has merged with WEY Technology AG, effective 1. October 2016. The divisions of WEY Technology AG, previously headquartered in Rotkreuz in the Canton of Zug, have been relocated to the company’s own building in Unterengstringen near Zurich.
Until now, WEY Elektronik AG has been responsible for the entire development and production of trading floor and control room solutions for the Swiss market, whereby WEY Technology AG concentrated on the international business. Now the two companies are merging. The resulting synergies will benefit the entire WEY Group in sustainably and successfully positioning itself on the international marketplace, and provide global clients with the best possible services and an optimal product portfolio.
The Swiss labor market will also benefit from the merger. Approximately 20 percent more jobs will be created at the new headquarters location. The consolidation of both companies under one roof lays the foundation for further organic growth as well as acquisitions. The company is well prepared to enter new business areas and remains committed to building strategic business partnerships in the international arena. At the same time, WEY also strives to strengthen and unify the WEYTEC brand globally. The company will operate under the name of WEY Technology AG, a name already well established on the international market for trading floors and control rooms.
The WEY Group has achieved consistent growth in recent years despite prevailing market consolidation. The companies have won and successfully implemented a broad variety of major international projects for trading floors and control rooms. In this year alone, WEY has achieved more than 50 percent growth compared to last year.
The corporate merger creates a Swiss trading floor and control room provider of international calibre with its own in-house production facilities in Switzerland. The merger secures the company’s commitment to Switzerland as its location for development and production, and creates new jobs in the region.
The WEY Group:
The WEY Group is a Swiss-based global technology company specializing in integrated solutions for financial and commodity trading floors as well as control centres for public safety, transportation, healthcare and infotainment. WEY is the only one-stop supplier worldwide with its own development and manufacturing facilities. The use of first-class components and outstanding professional expertise guarantee the highest levels of quality throughout its extensive product portfolio. From planning and deployment through to the support phase, WEY offers customer-oriented services and consultation from a single source. WEY Solutions are tailored to client’s specific needs and are based upon years of experience and profound industry know-how. For more information, see www.weytec.com