Nextrom Holding

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Nextrom Holding SA
legal form Corporation
founding 1900
Seat Morges SwitzerlandSwitzerlandSwitzerland 
management Jouni Heinonen
( CEO )
Olli-Pekka Kallasvuo
( Chairman of the Board of Directors )
Branch Fiber optic technology

The Nextrom Holding SA was a Swiss engineering company in the process industry (machines for glass fiber -, cable - and wire production ). The individual business areas of the company, which is run as a subsidiary of the Finnish Nokia group, were gradually sold after an industry-wide structural crisis from 2001 onwards, and Nextrom Holding was finally dissolved in 2005.

The glass fiber business is in Finnish today Nextrom Oy and the wire and cable business in the in Ecublens (VD) based Maillefer SA or its Finnish sister company Maillefer Extrusion Oy to find again. The publicly listed holding company in turn was all after full release of Group activities and investments as factual shell company sold in 2005 to a new owner and renamed AG of this in Spirt Avert.

history

The company had its roots in the file cutting machine factory founded in 1900 by Charles-Louis Maillefer, brother of the founder of Maillefer SA , in Romainmôtier .

In 1987, the owner family sold the company to the Finnish Nokia group, which Maillefer merged with its subsidiary Nokia Cable Machinery to form the Nokia-Maillefer group, based in Morges . In 1995 the company was listed on the SWX Swiss Exchange, with Nokia remaining the majority shareholder.

As a result, the group of companies expanded through various acquisitions. At its peak in 1997, the group generated sales of 467 million Swiss francs and employed around 1,200 people. After that, the company was confronted with an industry-wide crisis, as a result of which sales and margins collapsed.

The group, renamed Nextrom Holding in 1998, shifted its strategic focus to the fiber optic business in 2000 and sold the cable and wire division under the name Maillefer to a private equity investor in 2001. In addition to further divestments, the plastics activities in Milan and Toronto were also sold in 2002.

The significantly reduced group then employed only 343 people and in 2002 had a turnover of 147 million francs. Due to a deep red annual loss of 51 million francs, the company was forced to sell almost all of its activities. With around 150 employees, the company achieved sales of just CHF 17 million in 2003 and an annual loss of CHF 24 million. The unsuccessful attempt in 2004 to put the company on a healthy footing marked the end of Nextrom Holding's industrial activity.

In January 2005 Nokia, which until then held a voting share of 86 percent in Nextrom Holding, sold all of its stake to the Austrian Knill Group . In September 2005 the Knill Group sold the Nextrom Holding as a de facto shell company to CommCept AG, while the operative part of the company remained with the Knill Group and has since been continued as Nextrom OY. Nextrom OY, headquartered in Finland, is a provider of production systems and services for the fiber optic industry.

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