We are pleased to announce that Aliaxis Utilities & Industry AB – Ceramics Division and FRIATEC GmbH – Ceramics Division are to become subsidiaries of the German KYOCERA Fineceramics GmbH and will thus become part of KYOCERA, a global leading ceramics and technology corporation. A corresponding agreement was signed between Aliaxis SA and KYOCERA Fineceramics GmbH on May 29th, 2019.
The final timing for the transfer of the Ceramics Business is subject to customary closing conditions including receipt of all regulatory approvals. Up until the closing of the divestiture, Aliaxis Utilities & Industry AB and FRIATEC GmbH will continue to own and maintain their businesses, thus all business operations will remain the same for the time being.
For KYOCERA, we play a vital role in implementing their European expansion strategy being their first production site for ceramic-to-metal assemblies in Europe. Given these circumstances, we will be more dynamic and agile in driving growth. Based on a broader product portfolio we will be able to meet your needs and expectations even better.
For all our customers this change ensures continuity, stability and a long-term growth outlook as well as for our premises and our employees in the Nordic Countries and Germany.