The Swiss exchange welcomes Klingelnberg AG, a leading company in the gear industry.
Today, the shares of Klingelnberg AG
(KLIN) were traded for the first time on
the Swiss exchange. With an opening price of CHF 54.00 per share, the market capitalization was CHF 477 million. The IPO
of Klingelnberg AG is the sixth listing on the Swiss exchange this year. Klingelnberg, with its head office in Zurich, was
established in 1863 and employs around 1'300 staff. The company develops and manufactures machines
for the production of bevel gears and cylindrical gears, measuring centers for axially symmetrical components of all kinds
and high-precision gear components to meet customer specifications.
Werner Bürki, Head Trading, SIX, Securities and Exchanges: "We are delighted to welcome Klingelnberg to the Swiss
exchange. It is not every day that a company with a 150-year history and in its seventh generation is listed on the exchange.
I hope others will follow this example and we can welcome other family firms to the Swiss exchange in the future."
From left: Christoph Küster, CFO and Jan Klingelnberg CEO
Growth and acquisition opportunities
Jan Klingelnberg, CEO of Klingelnberg, commented: "The listing will enable us to take the company to the next
level, to take advantage of additional growth and acquisition opportunities and to raise our profile with customers,
talented prospective employees and other stakeholders around the world. Our family will remain invested as the anchor
shareholder and continue to be personally involved."
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