Simon Sauter completes management buy-out
We are pleased to inform you that the management buy-out process of Schmid Automation AG, which has started five years ago, has now been completed. Simon Sauter takes over the entire business of Schmid Automation AG, including its subsidiaries Schmid Automation GmbH, Augsburg and Schmid Schaltanlagen AG, St. Gallen, retroactively per 1st of November 2022. Simon Sauter has been Managing Director of Schmid Automation since 2017 and already held a minority stake in the company. Until now, the remaining shares belonged to FILTROX Holding AG. In the future, FILTROX wants to focus entirely on its core business, which is depth filtration of valuable liquids. …
