Wey subsidiaries merge
The two Swiss companies for trading room and control room solutions are pooling their competencies. The consolidation of the two subsidiaries of the Wey Group AG provides the best conditions for maintaining a successful position on the international market, the company says.
The Wey Electronics AG merged with Wey Technology AG on October 1, 2016. The latter had its headquarters in Rotkreuz ZG and was relocated to the Wey Elektronik building in Unterengstringen ZH. Until now, Wey Elektronik was responsible for the entire development and production of trading room and control room solutions on the Swiss market. Wey Technology, on the other hand, has concentrated on foreign business.
Around 20 percent more jobs will be created at the new main site. Consolidation under one roof gives the Wey Group an optimal starting position for organic and inorganic growth. It is prepared to cover new business areas, if necessary also through acquisitions, and continues to strive for the expansion of strategic partnerships in the international environment. The company will operate under the name Wey Technology, as this name is already established on the international market for trading room and control room solutions.
The company has been able to win and successfully implement various major international projects in the trading room and control room sectors. This year alone, the company is showing more than 50 percent growth in sales compared to the previous year, it concludes.
