Metall Zug

The Metall Zug Group is a Swiss industrial holding company headquartered in Zug, Switzerland[1] which was founded in 1887.[3] Shares of the company are traded on the SIX Swiss Exchange.

METALL ZUG AG
TypePublic
SIX: METN
ISINCH0039821084
Founded1887
HeadquartersZug, Switzerland
Key people
Revenue1.2B CHF[2]
Number of employees
5,163[3]
Websitewww.metallzug.ch/en/

The company has 6 business units:

  • Household Appliances
  • Infection Control
  • Life Sciences Solutions
  • Medical Devices
  • Wire Processing (Schleuniger)
  • Technology Cluster & Infrastructure

History

Metall Zug was founded in 1887 as a metal goods factory.[4] The company specialized in home appliances, releasing the ZUG washing machine in 1915, the first unimatic automatic washing machine in 1950, and tumble dryer in 1959.[4]

In 1993, Metall Zug acquired Belimed,[4] which specializes in products for sterilization.[5] Other competitors in the sterilization field include 3M, Cantel Medical Corporation, and Steris.

On February 28, 2018, Metall Zug acquired control of Köniz, Switzerland-based Haag Streit Holding AG.[6] Haag Streit comprised more than 20 companies with about 900 employees and develops products for the ophthalmology (diagnostics, surgical microscopy), pulmonology, and optics fields;[7] the company was acquired to form Metall Zug's medical devices division.[6]

References
  1. "Metall Zug AG". SIX Swiss Exchange. Retrieved January 11, 2020.
  2. Metall Zug Gruppe Geschäftsbericht 2018, abgerufen am 8. Mai 2019.
  3. "Metall Zug AG (METN.SW)". Yahoo! Finance. Retrieved January 11, 2020.
  4. "History". Metall Zug. Retrieved January 12, 2020.
  5. "About Belimed". Belimed.com. Retrieved January 12, 2020.
  6. "Metall Zug Group consummates acquisition of Haag-Streit Holding AG". MarketScreener.com. March 1, 2018. Archived from the original on March 24, 2019. Retrieved January 11, 2020.
  7. "Walder Wyss advises Metall Zug in majority holding purchase of Haag-Streit". TheLawyer.com. December 22, 2017. Archived from the original on January 11, 2020. Retrieved January 11, 2020.
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