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Swiss investor to take over Sulzer's fuel cell business Hexis

Publication Date:23-December-2005
06:00 AM US Eastern Timezone
Source:AFX News

WINTERTHUR, Switzerland --The fuel cell business of Sulzer Hexis will be continued by a foundation. It will finance the future development work.

As of January 1, 2006, a Swiss foundation will acquire 100% of the shares of Sulzer Hexis AG. This will allow the development of fuel cells to be continued at the established site. The company will be renamed Hexis AG as soon as possible. Dr. Alexander Schuler, currently head of systems development at Sulzer Hexis, will be the managing director of the Hexis AG.

This move will have no material impact on the previously announced charge to Sulzer’s operating income


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