SEMCON DIVESTS GERMAN ENGINEERING BUSINESS.
The Semcon Group is divesting its engineering operations in Germany, that form the Business Area Engineering Services Germany, to Valmet Automotive.The business area provides services to customers primarily in the German automotive industry and has around 800 employees with annual sales in 2015 amounting to SEK 901 million and an operating loss of SEK -49 million. During the January–September period 2016, sales amounted to SEK 667 million and operating profit to SEK 13 million. Semcon’s operations in product information in Germany are not affected by the sale.“Business Area Engineering