COMET and SWATY will operate as SWATYCOMET
23.03.2010

The managements of COMET and SWATY, and the management of the owner of both of these companies, Avtotehna, signed a merger document in order to finally unite the business paths of the two former competitors within the Slovene grinding industry. The merger of the two companies was made possible by ownership consolidation and it was accelerated by the harsher economic situation which required proactive measures. COMET and SWATY will appear on the market together as of April 2010, when the merger procedure is planned to be officially completed and all conditions for the operation of the new company under the name of SWATYCOMET will be fulfilled. The headquarters of the merged company will be located in Maribor, and its management will be taken over by Mr. Aleš Mikeln, the former Managing Director of both companies.

This merger will bring about the optimisation of all business processes, which is a prerequisite for facing the difficult market situation that has become even more strained due to the global economic crisis. With its new product range intended for broad consumption, SWATYCOMET will become one of the three most important and largest manufacturers of such products in Europe, while with its industrial product range, in which emphasis will be primarily on intense development of new products with high added value, the two merged companies will focus above all on searching for market niches and specific target groups.