Johannes Schmid

The Schaffner Group is selling the EMC test systems business line through an MBO to a group of investors led by Johannes Schmid, the Head of the Test Systems Division. The parties have agreed not to disclose details of the price. The EMC test systems contributed some CHF 30 million to Group sales in fiscal 2004/2005. Following the sales of the Power Electronics and EMC test systems business lines, discussions with potential buyers for the remaining Cable & ElectroEmulation business line are continuing.