Navigation

Skiplink Navigation

Main Features

Ascom sells cash handling business to British firm

Ascom continues to refocus on core business

(Keystone Archive)

The Swiss technology firm, Ascom, is selling its Swiss cash handling activities to Britain's De La Rue for SFr20.9 million ($12.63 million).

Ascom chief executive, Urs Fischer, said in a statement on Tuesday that the sale was a further step in the company's strategy of refocusing on core activities to boost profitability.

De La Rue will take on all the 142 staff employed in the Swiss cash handling business, which will be renamed De La Rue Cash Systems from April 1.

De La Rue is the world's largest commercial security printer and paper maker, and is involved in the production of over 150 national currencies as well as a wide range of security documents such as stamps and vouchers. It also specialises in brand protection.

Ascom, formed in 1987 by the merger between Autophon, Hasler and the telecommunications division of the Zellweger group, manufactures and distributes telecommunications systems.

swissinfo with agencies


Links

Neuer Inhalt

Horizontal Line


subscription form

Form for signing up for free newsletter.

Sign up for our free newsletter and get the top stories delivered to your inbox.

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!

×