Schweiter Technologies AG (SWX:SWTQ) acquired 60% stake in Jiangsu ZNL Coating New Materials on December 21, 2023. Schweiter Technologies has an option to acquire the remaining 40% of the shares of the company. Jiangsu ZNL Coating New Materials will achieve net sales of around CHF15 million in 2023.

Schweiter Technologies AG (SWX:SWTQ) completed the acquisition of 60% stake in Jiangsu ZNL Coating New Materials on December 21, 2023.