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FAQ: Cherry SE's Business Segment Divestment M&A Process
TL;DR
Cherry SE's divestment of either Digital Health or Peripherals segments creates acquisition opportunities for companies seeking to expand market share in specialized technology sectors.
Cherry SE will sell either its Digital Health segment with e-health terminals and software or its Peripherals segment with gaming and office devices to reduce debt.
This strategic move by Cherry SE aims to strengthen the company's financial foundation, ensuring continued innovation in computer peripherals and digital healthcare solutions for global users.
Founded in 1953, Cherry SE maintains operations across Germany, China, Austria, and multiple other countries while navigating this significant business restructuring decision.
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Cherry SE is initiating an M&A process for the potential divestment of one of its two business segments: either the 'Digital Health & Solutions' segment or the 'Peripherals' segment.
The decision is driven by continuing constraints on financial flexibility despite previous restructuring measures, with the goal of generating liquidity to reduce liabilities and provide sufficient financial resources for the remaining business's growth plans.
This segment comprises e-health terminals, mobile devices, firmware, software and cloud solutions such as TI-M or TMS.
The Peripherals segment consists of a comprehensive product portfolio ranging from gaming devices to office, industrial, and security peripherals.
Cherry SE will provide further details during its virtual extraordinary general meeting scheduled for tomorrow at 2 p.m. CET.
The liquidity generated from the sale is intended to be used to reduce liabilities and provide the remaining part of the business with sufficient financial resources to finance its growth plans.
The Management Board will explain the circumstances that led to a loss amounting to half of Cherry SE's registered share capital, in addition to providing further details on the M&A plans.
Cherry SE's operational headquarters is in Auerbach in der Oberpfalz, Germany, with development, services, logistics, and production sites in Germany, China, and Austria, plus sales offices in multiple countries including Germany, France, Sweden, USA, China, and Taiwan.
Investors should contact Nicole Schillinger in Investor Relations at ir@cherry.de or +49 (0) 9643 2061 848.
More information is available at https://ir.cherry.de/en/
Curated from NewMediaWire
