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CMS advises RUAG on the sale of RUAG Environment to Thommen Group AG

The RUAG MRO Holding AG has sold RUAG Environment AG to Thommen Group AG. RUAG Environment AG, headquartered in Altdorf UR is the Swiss market leader for a comprehensive solution in the environmentally friendly, sustainable and resource-saving disposal and recycling of electrical and electronic equipment, packaging materials, hazardous waste, dangerous goods and industrial waste. RUAG Environment AG operates its own processing plants in Altdorf and Thun and closely collaborates with a total of 19 dismantling sites throughout Switzerland

Since the RUAG Group was split into two separate parts, RUAG MRO Holding AG (the Swiss part) has been focusing on its core competencies, ensuring the supply of equipment to the Swiss Army. Despite numerous investments by RUAG, RUAG Environment AG was unable to operate profitably due to the significant negative price trends in its line of business of waste management, recycling and reprocessing in recent years. RUAG has evaluated all available options and concluded that the step chosen, namely the sale and transfer to Thommen Group AG, is the most advantageous overall.

With the sale to Thommen Group AG and the resulting synergies, operations can be maintained for the time being. In the course of the next three years, operations will be transferred to the Thommen Group's enterprises, in particular Immark AG. Thus, a Swiss solution in the field of electronics recycling is sustainably ensured.

A team of CMS led by Stefan Brunnschweiler has advised RUAG on all legal aspects of this transaction.

CMS Switzerland

  • Stefan Brunnschweiler, Partner, Corporate/M&A
  • Florian Jung, Associate, Corporate/M&A
  • Samuel Gang, Associate, Corporate/M&A
  • Christian Gersbach, Partner, Employment
  • Dr Miryam Meile, Associate, Employment

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