OREANDA-NEWS. Swisslog will request the extraordinary General Meeting of 28 July 2015 to approve a merger with cash compensation for minority shareholders. In the course of the merger, the Swisslog share will be delisted from the SIX Swiss Exchange.

Following a successful public offer, KUKA AG holds a stake of more than 96% in Swisslog Holding AG. In order to fully integrate Swisslog in the KUKA group, thereby streamlining the structure and management of the group, the Board of Directors of Swisslog has signed a merger agreement with KUKA Beteiligungen (Schweiz) AG, a subsidiary of KUKA AG. This agreement will be submitted to the extraordinary General Meeting on 28 July 2015 for approval.

Instead of shares in the absorbing company, the Swisslog shareholders (except for KUKA AG) will receive a cash compensation amounting to CHF 1.35 per registered share. The merged company will operate under the name Swisslog Holding AG. The Swisslog brand and the company’s head office in Buchs will remain.

Swisslog has requested SIX Swiss Exchange to delist the Swisslog share. The last trading day will most likely be 28 July 2015.

About Swisslog

Swisslog designs, develops and delivers best-in-class automation solutions for forward-thinking hospitals, warehouses and distribution centers. We offer integrated systems and services from a single source – from consulting to design, implementation and lifetime customer service. Behind the company’s success are 2 300 employees worldwide, supporting customers in more than 50 countries. Headquartered in Buchs/Aarau, Switzerland, the group’s parent company Swisslog Holding AG is listed on the SIX Swiss Exchange (security number: 1232462, Telekurs: SLOG, Reuters: SLOG.S).