Corporate News

R&S Group successfully closed the divestiture of SERW

08 January 2024 7:30 AM
Sissach/BL, Switzerland, 8 January 2024 – As announced on 5 December 2023 in connection with an update on the business performance of R&S Group Holding AG (SIX: RSGN), the group expected to divest SERW, a business focused on high-voltage switches in the Czech Republic, by year-end 2023.

R&S Group now announces the successful closing of the transaction for an undisclosed amount as of 31 December 2023. However, as previously announced, the sale resulted in a positive impact of CHF 2.4 million on the Group’s net cash position.

Further information will be provided on 21 March 2024 with the publication of preliminary 2023 sales results for R&S Group.

Calendar 2024

21 March - Preliminary 2023 net sales results

17 April - 2023 full-year results

28 May - Annual General Meeting

11 September - 2024 half-year results

Investor Relations
Doris Rudischhauser
Phone: +41 79 410 81 88

Nicolas Weidmann
Phone: +41 79 372 29 81

About R&S Group
R&S Group Holding AG (“R&S Group”, the “company”) is headquartered in Sissach/BL, Switzerland. With six manufacturing facilities in Switzerland, Italy, Poland and the Middle East, R&S Group serves its domestic and various European export markets with small and medium power and distribution transformers and other components in the utility, infrastructure and industrial sectors. The company has been successfully positioned to benefit from the accelerating demand for energy production and distribution, driven by the global trend towards decarbonization. R&S Group has been listed on SIX Swiss Exchange on 13 December 2023 under the ticker symbol RSGN following its successful business combination with VT5 Acquisition AG, a previously Swiss-listed Special Purpose Acquisition Company (SPAC).

Further information about the R&S Group can be found at

This announcement may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of R&S Group ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "aims," "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the Board and management of R&S Group and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. R&S Group undertakes no obligation, and does not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. R&S Group accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

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