Partnership between Bystronic glass and HEGLA terminated in mutual agreement

GLASTON CORPORATION      PRESS RELEASE     29 November 2019  at 16.30 EET

Glaston Corporation and HEGLA have decided to terminate their cooperation agreement due to changes in the companies’ competitive positions. The agreement, which was entered into in 2012 by Bystronic Lenhardt GmbH, Conzzeta AG, Hegla GmbH & Co. KG, and LEWAG Holding AG, will be terminated by year-end 2019.

The purpose of the co-operation agreement has been to be preferred partners, meaning cooperation in cross selling by products for architectural market and making use of each other’s sales and service network. The cooperation has had limited commercial value.

The termination of the agreement has been made in mutual understanding.

For further information, please contact

Glaston Group:
Sasu Koivumäki, COO, tel. +358 40 558 7530
Joséphine Mickwitz, VP IR, Communications and Marketing, +358 10 500 5070

Glaston Corporation
Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of emerging technologies integrating intelligence to glass.

As of April 2019, Bystronic glass is part of Glaston Group. Together we are committed to providing our clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. We operate globally with manufacturing, services and sales offices in 12 countries. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd.