The RS Group

R&S Group sells its non-core electrical switches & connectors business to Pfiffner Group

Szymon Swierczewski — Tue, 23 Dec 2025 08:20:36 +0000

Sissach, Switzerland, December 2025 – The activity to be sold is part of Rauscher & Stoecklin, Switzerland, which employs 26 people in Sissach/BL, and generates annual revenues of CHF 8–10 million. While the business has performed steadily in recent years, it offers limited synergies with the Group’s core transformer business. By divesting this non-core business, R&S Group will focus on its product portfolio of power transformers, oil distribution transformers, dry-type transformers and instrument transformers.

The buyer, the privately held Swiss company Pfiffner Switchgear Ltd, located in Grenchen, Switzerland, and part of the Pfiffner Group, will take over the operations as they exist today. All employees currently working in this profit center will be transferred to the new owner. Pfiffner Switchgear Ltd will continue operating at the current location, ensuring full continuity for customers and preserving operational know-how. With its strong and long-standing industry understanding and regional presence, Pfiffner Switchgear Ltd represents a highly suitable long-term owner for the business and is well-positioned to support its future development.

The transaction is expected to be closed by year-end 2025, subject to customary closing conditions. The parties have agreed not to disclose the transaction value.

Marcel Rüfenacht, CEO of the Pfiffner Group, states: “We are proud to assume this successful business area of Rauscher & Stoecklin AG and continue to grow on a worldwide scale. The market-leading portfolio of switches and connectors complements our existing low- and medium-voltage products well. We will integrate this organization within our Pfiffner Switchgear Ltd. and its disconnector business. We look forward to delivering even greater value to our customers.”

Contact Investor and Media Relations R&S Group
Doris Rudischhauser
Phone: +41 79 410 81 88
Email: [email protected]

Contact Media Relations Pfiffner Group
Mayerline Nyffeler
Phone: +41 62 739 28 28
Email: [email protected]

About PFIFFNER Group
PFIFFNER is a family-owned group of companies headquartered in Hirschthal, Switzerland. As a leading provider of technology solutions in the electrical power industry, PFIFFNER is known for delivering high-quality, reliable products and excellent services. Our well-established brands PFIFFNER, MOSER GLASER, HAEFELY, and HAVECO have earned the trust of our customers for decades.
The PFIFFNER Group employs approximately 1,200 people and has seven production sites located in Switzerland, Germany, Turkey, and Brazil.

About R&S Group
R&S Group Holding AG’s (“R&S Group”, the “company”) operating headquarters are located in Sissach/BL, Switzerland. With eight manufacturing facilities in Switzerland, Italy, Poland, Ireland and the Middle East, the group serves its domestic and various European markets with single-phase, small and medium distribution and power transformers and other components under the brands of Rauscher & Stoecklin, ZREW, Tesar and Kyte. R&S Group’s customers are active in the utility, infrastructure and industrial sectors. The company has been successfully positioned to benefit from the accelerating demand for energy production and distribution, driven by the global trend towards decarbonization. R&S Group has been listed on SIX Swiss Exchange since 13 December 2023 under the ticker symbol RSGN. On 20 August 2024, the company acquired Kyte Powertech, a leading supplier of distribution transformer solutions based in Cavan, Ireland, thus significantly expanding geographic footprint to Ireland, the UK, Benelux and France, and adding complimentary products.

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning R&S Group Holding AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of R&S Group Holding AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. R&S Group Holding AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

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R&S Group inaugurates new distribution transformer plant in Poland

Szymon Swierczewski — Fri, 04 Apr 2025 06:43:33 +0000

Krzeczów, Poland 3 April 2025 – R&S Group Holding AG (SIX: RSGN), a leading provider of distribution transformer solutions, power transformers and other electrical components, celebrated the grand opening of its new greenfield oil distribution transformer plant under the Rauscher & Stoecklin brand in Krzeczów near Bochnia, Poland on 3 April 2025. Close to 200 participants attended the event for customers, suppliers and local government and press representatives which – besides the ribbon-cutting ceremony – also included a tour of the 10,000 sqm facility.

This state-of-the-art plant marks a significant milestone in the company’s strategic expansion plans. Key highlights include:

Strategic location: The new plant will serve as a production hub for R&S Group’s expansion into the strategic target markets such as the Baltics, the Nordics and Germany.
Production capacity: With a target of producing over 1,000 units in 2025, the facility significantly boosts our growth ambitions by entering of new markets and customer groups.
Cutting-edge technology: The plant incorporates advanced technology for efficient workflow and production of high-quality transformers.
Sustainability focus: The facility’s environmentally friendly design aligns with R&S Group’s commitment to sustainability, including the installation of solar panels on the roof.

Markus Laesser, Group CEO, expressed pride in the achievement, noting that the project, which began in 2022, overcame various challenges including global supply chain disruptions and economic uncertainties. “This new plant represents our commitment to innovation and our dedication to meeting the growing demands of our industry. We thank our hard-working employees, esteemed customers, loyal suppliers, and the local community in Poland for their support in bringing this project to fruition,” the CEO stated during the ribbon-cutting ceremony.

Jaroslaw Struzik, Plant and Operations Manager at Rauscher & Stoecklin in Krzeczów, added: “Our factory is not just about buildings, machines and production lines. It is, above all, about the people – their knowledge, experience and daily work. We will be able to deliver top-quality products, build our company’s reputation, and contribute to the growth of the entire industry.”

During his closing remarks, Heinz Kundert, Chairman of the Board of Directors of R&S Group, stated: “This new factory is not only a testament to the growth and ambition of our company, but also a reflection of the strong partnerships we have built with our suppliers, customers and the local community. Special thanks go to Markus Laesser and his team for their exceptional work in bringing this project to life. Their vision, leadership, and commitment have made this achievement possible.”

The Group views this new facility as a crucial step in its strategic roadmap for profitable growth, emphasizing its commitment to expansion, operational excellence and innovation in the power distribution sector.

R&S Group will publish its Annual Report 2024 as well as the Non-Financial Report 2024 on 15 April 2025.

Calendar 2025

15 April	Release of full-year 2024 results
14 May	Annual General Meeting 2025
29 July	Trading update half-year 2025
11 September	Release of half-year 2025 results

Contact Investor and Media Relations

Doris Rudischhauser
Phone: +41 79 410 81 88
Email: investors@https://the-rsgroup.com

About R&S
R&S Group Holding AG’s (“R&S Group”, the “company”) operating headquarters are located in Sissach/BL, Switzerland. With eight manufacturing facilities in Switzerland, Italy, Poland, Ireland and the Middle East, the group serves its domestic and various European markets with single-phase, small and medium distribution and power transformers and other components under the brands of Rauscher & Stoecklin, ZREW, Tesar and Kyte. R&S Group’s customers are active in the utility, infrastructure and industrial sectors. The company has been successfully positioned to benefit from the accelerating demand for energy production and distribution, driven by the global trend towards decarbonization. R&S Group has been listed on SIX Swiss Exchange since 13 December 2023 under the ticker symbol RSGN. On 20 August 2024, the company acquired Kyte Powertech, a leading supplier of distribution transformer solutions based in Cavan, Ireland, thus significantly expanding geographic footprint to Ireland, the UK, Benelux and France, and adding complimentary products.

Disclaimer

This communication expressly or implicitly contains certain forward-looking statements concerning R&S Group Holding AG and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of R&S Group Holding AG to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. R&S Group Holding AG is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

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SAK extends the supply contract for medium-voltage distribution transformers with Rauscher & Stoecklin AG

Szymon Swierczewski — Thu, 16 Jan 2025 15:13:59 +0000

Sissach, Switzerland, January 2025 – St.Gallisch-Appenzellische Kraftwerke AG (SAK) is sending out a strong signal in favour of sustainability and partnership. The publicly tendered supply contract with Rauscher & Stoecklin AG from Sissach has been extended for a further three years. This long-established Swiss company (part of the R&S Group) will continue to supply medium-voltage distribution transformers for SAK from 2025 to 2027.

The sustainability strategy of St.Gallisch-Appenzellische Kraftwerke AG is based on a holistic view of environmental, economic and social aspects. SAK is the first Swiss energy supply company to set for itself the ambitious climate target of ‘net zero by 2040’, which is aligned with the requirements of the Science Based Targets Initiative (SBTi). SAK is thus committed to minimising its own ecological footprint and implementing sustainable solutions in its business processes. SAK aims to have reduced its emissions by 50 percent in just six years.

Rauscher & Stoecklin AG, a company with over 100 years of experience, produces all of its transformers entirely in Switzerland. This makes a significant contribution to promoting local value creation and ensuring the highest quality standards. From 2025, Rauscher & Stoecklin will supply transformers that are manufactured using innovative materials and production methods in order to significantly reduce CO₂ emissions.

A key element of this initiative is the use of CO₂-reduced core laminations. This measure reduces CO₂ emissions by an average of 3,500 kg per transformer – a reduction of 30 percent. Each transformer not only contributes to improving energy efficiency in SAK’s distribution network, but also significantly reduces the CO₂ footprint.

The long-standing partnership between SAK and Rauscher & Stoecklin AG illustrates how technological innovation and sustainable action can work together to achieve global climate targets. Together, they are creating the basis for an environmentally friendly energy future. Transformers ‘made in Switzerland’ symbolise the highest quality, innovative strength and a clear commitment to a greener future.

About SAK:
SAK supplies and connects people and companies with sustainable energy and data based on secure, future-orientated infrastructures. With over 460 employees, the company covers the entire value chain: from energy procurement, planning, construction, operation and maintenance of grids and facilities to financing solutions, sales and billing.

SAK’s business areas include electricity generation, electricity and heat supply, a modern fibre-optic network, high-performance internet, telephone, TV and mobile services as well as smart health and emergency call systems under the name VitaLink. In the field of energy solutions, the company offers a 360° range that includes net-zero consulting services for CO₂ reduction, as well as customised and environmentally friendly solutions in the areas of e-mobility, photovoltaics, heating and building technology.

About Rauscher & Stoecklin:
Rauscher & Stoecklin Rauscher & Stoecklin AG is a leading, medium-sized company specialising in the development and production of electrotechnical products and systems for energy distribution. Founded in 1919 and now employing over 130 people, Rauscher & Stoecklin is an established manufacturer of transformers. The company has its headquarters and production facilities in Sissach, Switzerland, where it attaches great importance to sustainable production processes and environmentally friendly technologies. Sustainability and innovation are the company’s focus in order to ensure future-proof solutions for energy distribution. Since 2012, Rauscher & Stoecklin has been part of the R&S Group, which is also based in Sissach and has been listed on SIX since December 2023.

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R&S Group agrees to acquire Kyte Powertech, a leading manufacturer of distribution transformer solutions, to broaden geographic footprint in Ireland, the UK and Western Europe

Szymon Swierczewski — Tue, 20 Aug 2024 11:03:58 +0000

Sissach, Switzerland, August 2024 – R&S Group Holding AG (SIX: RSGN), a leading provider of electrical infrastructure components in focus markets in Europe and the Middle East, has entered into an agreement to acquire 100% of Kyte Powertech Limited, an Ireland-based leading manufacturer of distribution transformers. R&S Group agreed to acquire Kyte Powertech from MML Growth Capital Partners Ireland and existing management for an enterprise value of EUR 250 million on 20 August 2024. The majority of the consideration will be paid in cash secured by a bridge facility and a participation roll-over by management, a sign of strong commitment to future performance.

“M&A is a strategic pillar of the R&S Group roadmap,” says Markus Laesser, CEO of R&S Group. “Combining with a leader in additional markets which R&S Group is currently not serving, will strengthen the combined group and management capabilities. We are gaining in our product offering and technical expertise.”

Kyte Powertech, founded in 1977 and headquartered in Cavan, Ireland, is a manufacturer of distribution transformer solutions, with main markets being Ireland, the United Kingdom, the Netherlands, Belgium and France. Kyte Powertech’s competitive edge is built on the ability to provide designs and solutions in-house, and its engineering capabilities. These factors have resulted in strong, long-lasting relationships with leading utilities. These aspects translate into a strong increase in financial performance of 52% against prior year to EUR 165 million of net sales and EUR 33 million of EBIT in FY2024 (as of 31 March 2024)²⁾. Kyte Powertech’s competitive advantage as a well-positioned player means it can count on a significant amount of repeat and recurring business.

Kyte Powertech has about 490 employees. R&S Group stays fully committed to the production facility in Cavan and its workforce, and intends to significantly invest in capacities and its technology center. Kyte Powertech’s management team has committed to stay on board and invested with a participation of around 6% in R&S Group shares to ensure continuity within the business.

Stephanie Leonard, CEO Kyte Powertech adds: “Over the past years we have achieved the evolution of Kyte Powertech into a European champion in the transformer industry. We are excited to join forces with R&S Group, continue our growth trajectory together and further strengthen the deep customer relationships and recognition of our brand”.

Strong strategic and financial rationale

R&S Group’s strategy is to focus on its existing capabilities when entering new markets and adding complementary applications. In addition to organic growth, acquisitions are a key pillar of value creation.

The acquisition of Kyte Powertech will be complementary on several levels and represent a unique fit to R&S Group’s strategy. Both companies have a long history of engineering excellence, high-quality products, close customer and supplier relationships, strong brand equity and high market shares.

Kyte Powertech will give R&S Group access to an attractive product portfolio in distribution transformers, with synergies from cross-selling opportunities, procurement and R&D. It will add production capacity through a central manufacturing site in Cavan, Ireland, to capture strong demand potential. The transaction will also expand the sales network into Ireland, the UK, the Netherlands, Belgium and France and improve the joint service expertise. The combination will also strengthen R&S Group’s management capabilities and benefit from a shared culture focusing on product quality and sustainability.

Guidance

R&S Group is confirming its guidance on net sales growth and EBIT margins as published on 17 May 2024. The free cash flow guidance for 2024 is currently under review due to transaction costs related to this acquisition and subsequent tax payments in Italy as well as for the mid-term due to new capital expenditure plans for the combined group. The Board of Directors of R&S Group changes the dividend policy towards a stable dividend of CHF 0.50 per share for 2024 and for the financial years 2025 and 2026 (each paid out in the following years once approved by the shareholders).

Financing and expected timetable

The completion of the transaction is expected to occur in the course of today and the funding for the acquisition has been secured by a bridge facility amounting to CHF 233 million as well as a rollover of a significant portion of shares held by existing Kyte Powertech management into RSGN shares. The bridge facility is expected to be refinanced by a combination of a new bank debt facility, excess cash and an equity issuance of CHF 23 million for which R&S has secured commitments and is planned to be executed in a timely manner. R&S Group is expected to receive equity proceeds from the committed execution of R&S Group warrants, among others, by Artemis Beteiligungen in the amount of CHF 9.6 million and from the partial sale of treasury shares held by the company of approximately CHF 10 million secured by a commitment of Zürcher Kantonalbank. Upon completion of the takeout of the bridge facility and the equity issuance, R&S Group’s immediate net leverage is around 2.25x LTM EBITDA (as of June 2024), ensuring a prudent capital structure and balance sheet strength. The aim is to reduce this to 2x LTM EBITDA by year-end 2024.

UBS acts as Exclusive Financial Advisor to R&S Group on the transaction.

¹⁾ based on June 2024 LTM (last 12 months)
²⁾ Kyte Powertech financials reported under UK GAAP

A presentation covering the key aspects of the transaction is available for download in the IR section of R&S Group’s website https://ir.https://the-rsgroup.com/presentations/

About R&S
The Swiss-based R&S Group is a leading provider of electrical infrastructure products in key markets around the globe. With manufacturing facilities and offices in Europe, South America and the Middle East, and a wide partner network globally, R&S offers distribution and power transformers, switching devices as well as certain products for railway electrification and industrial electrical connectors. R&S Group has been listed on SIX Swiss Exchange since 13 December 2023 under the ticker symbol RSGN following its successful business combination with VT5 Acquisition AG, a previously Swiss-listed Special Purpose Acquisition Company (SPAC).

About Kyte Powertech
Kyte Powertech Limited (“Kyte Powertech“) is headquartered in Cavan, Ireland. With a central manufacturing facility in Cavan and further sales and service representations in Belgium, France, the Netherlands and the United Kingdom, Kyte Powertech serves its domestic and various European export markets with utility distribution transformers across the entire mega volt ampere (MVA) spectrum. The company is well positioned to capture market growth, benefitting from long-standing customer relationships, high-quality reputation and a track record of consistent delivery for customers.

Disclaimer

Kyte Powertech Limited (“Kyte Powertech“) is headquartered in Cavan, Ireland. With a central manufacturing facility in Cavan and further sales and service representations in Belgium, France, the Netherlands and the United Kingdom, Kyte Powertech serves its domestic and various European export markets with utility distribution transformers across the entire mega volt ampere (MVA) spectrum. The company is well positioned to capture market growth, benefitting from long-standing customer relationships, high-quality reputation and a track record of consistent delivery for customers.

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Exciting Milestone in Sustainable Power Distribution

Szymon Swierczewski — Mon, 19 Feb 2024 12:47:18 +0000

Sissach, Switzerland, February 2024 – Successful delivery of the first Rauscher & Stoecklin distribution transformer filled with Nynas Bio 300X insulating fluid for the Swiss customer, BKW Power Grid, powering the electrical grid in the picturesque Gstaad region.

Nynas Bio 300X is a game-changer in the energy sector, boasting superior cold start and exceptional cooling performance when compared to conventional insulating mineral oils. The revolutionary bio-based insulating fluid aligns with Rauscher & Stoecklin’s commitment to sustainability, offering a greener alternative that meets the evolving demands of the energy landscape.

This milestone reinforces the company’s dedication to sustainable practices, contributing to the reduction of environmental impact in power distribution. The integration of Nynas Bio 300X not only enhances the transformer’s performance but also minimizes the ecological footprint.

Some specifications of the project:

Transformer specification: hermetically sealed oil-type distribution transformer 630 kVA, 16/0.4 kV according to Eco Tier 2 requirements
Place of installation: Gstaad, Switzerland
Delivery date: Q4 2023

“We extend our gratitude to BKW Power Grid for their trust in our solutions and their commitment to environmentally conscious energy infrastructure. Together, we are pioneering advancements that will shape the future of power distribution,” says Dr. Bruno Bosnjak, Head of Engineering at Rauscher & Stoecklin.

About BKW Power Grid:
BKW Power Grid is the operator of Switzerland’s largest distribution grid and ensures that electricity flows reliably from production plants to customers. BKW Power Grid is a part of the BKW Group. The BKW network spans eight countries in Europe. A total of 140 subsidiaries at 276 registered offices and 103 production sites deliver products and services under the five competence brands, including BKW Energy, BKW Building Solutions, BKW Engineering, BKW Infra Services, and BKW Power Grid. The BKW Group employs more than 11,500 people.

About Rauscher & Stoecklin:
Rauscher & Stoecklin is part of the Swiss-based R&S Group, a leading provider of electrical infrastructure products in key markets. The company, founded in 1919, is a well-established and experienced manufacturer of transformers, switchgear, and other electrical equipment.

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Power transformer for battery energy storage system in Finland

Szymon Swierczewski — Fri, 26 Jan 2024 14:37:51 +0000

Łódź, Poland, January 2024 – ZREW produced and, in cooperation with its Finnish partner Eurolaite Oy, delivered a power transformer to supply the battery energy storage system (BESS). For ZREW, this was the first order to Finland.

Order details:

Transformer specification: 31.5 MVA (118/20 kV)
Place of installation: Lempäälä, Finland
Delivery date: December 2023

The delivered power transformer enables the energy transfer between local electrical grid and the BESS. ZREW managed to supply the transformer within a relatively short period of time – 10 months from the contract being awarded, as well as fulfilled all requirements and expectations during the entire project’s execution. The delivery to Finland is fully in line with company’s long-term strategy to develop new markets and support green energy generation.

“We would like to express our gratitude to all our business partners involved and supporting ZREW to properly and timely execute this project – starting from inquiry, tender and contract preparation, going through all milestones within the execution process and finally during the transportation as well as on-site installation and commissioning activities. Having this experience, ZREW is fully committed to further support Finish market, and we’re looking forward to new opportunities and projects there,” says Marcin Błaszczyk, Sales Director at ZREW.

ZREW has plenty of references in many countries for substations supporting wind, solar, and hydro generation, and now can add a new one from Finland for energy storage application.

The BESS supplier, including the substation, is Merus Power, and the end customer is Taaleri SolarWind III – fund-managed by Taaleri Energia. The transformer supply was part of the substation delivery by Elegrid Oy, who also erected the transformer.

About Eurolaite Oy:
Eurolaite Oy, founded in 1988, is an importer and wholesaler of specialty products for electrical engineering. The company offers high-quality solutions, products, and services for electricity stations, electricity quality control, protection of electrical networks and the construction of distribution networks.

About ZREW:
ZREW is part of the Swiss-based R&S Group, a leading provider in selected niches for power products. ZREW is a leading Polish manufacturer of oil-immersed transformers with power ratings up to 120 MVA. The portfolio includes transformers for power stations, heat and power plants, wind farms, distribution networks as well as special and furnace transformers.

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First trading day for R&S Group on SIX Swiss Exchange

Szymon Swierczewski — Wed, 13 Dec 2023 11:59:09 +0000

This announcement or the information contained therein is not being issued and may not be distributed in the United States of America, Canada, Australia or Japan or any other jurisdiction in which the distribution or release would be unlawful or require registration or any other measure and does not constitute an offer of securities for sale in such countries.

Sissach, Switzerland, December 2023 – Following the name change from VT5 Acquisition Company AG to R&S Group Holding AG (R&S Group), the shares of R&S Group Holding AG will be traded for the first time today according to the Swiss Reporting Standard of SIX Swiss Exchange under the ticker symbol RSGN and the ISIN number CH1107979838.

At the extraordinary shareholders meeting held on 11 December 2023, the shareholders of VT5 Acquisition Company AG (“VT5”) approved the change of the company’ name to R&S Group Holding AG. Following completion of the Initial Business Combination with the first Swiss listed SPAC, VT5 Acquisition Company AG, R&S Group celebrates the start of trading on SIX Swiss Exchange as a public company with the opening bell ceremony at SIX headquarters this morning. Following the listing on SIX Swiss Exchange under the ticker symbol RSGN and the ISIN number CH1107979838 (unchanged), the shares are expected to be included in the SPI/SPIEX/SXSLI indices as of 14 December 2023.

Markus Laesser, CEO of R&S Group, said: “Today is a special day for R&S Group and all our stakeholders. I am very proud of the entire R&S team and its commitment to achieving our growth ambitions. We look forward to demonstrating that R&S Group is well positioned to benefit from the increasing demand for energy and the key drivers of decarbonization, decentralization and modernization. Being a listed company will increase our visibility in the markets and provide us with the prospects to realize our various strategic and operational initiatives and growth plans even better in future.”

Heinz Kundert, Chairman of the Board of R&S Group, adds: “With today’s listing of R&S Group on SIX Swiss Exchange, VT5 has achieved its goal of bringing a hidden champion to the public markets. As a Swiss engineering leader with high-quality, reliable products and a leading position in its markets, R&S Group fulfills or exceeds VT5’s investment principles as defined at the start of VT5. While today marks the beginning of R&S Group’s listing, it also marks the end of an exciting journey that we embarked upon two years ago with the IPO of the first SPAC on SIX Swiss Exchange. I thank my colleagues in the VT5 team for their tireless efforts in the quest of finding the ideal partner for the business combination that has now been successfully concluded.”

Rolf Lanz, Managing Partner at CGS, is convinced that the R&S Group is excellently positioned for the future: “Through the successful implementation of the CGS Buy & Build strategy, we have not only greatly increased the sales and profitability of R&S in recent years, but also created numerous jobs. Thanks to selected acquisitions, the company is now a leading provider of transformers for power generation and transmission and is therefore ideally positioned to continue to grow in the future as demand for electrical energy accelerates.”

Gregor Greber, Board member of R&S Group and co-founder of VT5, complements: “We take this opportunity to thank the shareholders of VT5 for their loyalty and trust in VT5’s vision and ambitions along the way. At the same time, we welcome all the new investors who have also supported the successful completion of the transaction and helped to transform VT5 into the now SIX-listed transformer specialist R&S Group.“

Disclaimer

This announcement may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of R&S Group (“forward-looking statements”). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “aims,” “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the Board and management of R&S Group and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. R&S Group undertakes no obligation, and does not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. R&S Group accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

This announcement constitutes neither a prospectus or similar notice within the meaning of articles 35 et seqq. or 69 of the Swiss Financial Services Act. This publication constitutes neither an offer to sell nor a solicitation to buy securities of R&S Group Holding AG. The securities have already been sold and listed. Copies of this publication may not be sent to jurisdictions, or distributed in or sent from or otherwise made publicly available in jurisdictions, in which this is barred or prohibited by law.

This announcement is being distributed only to, and is directed only at (i) persons outside the United Kingdom, (ii) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Any person who is not a Relevant Person must not act or rely on this announcement or any of its contents.

This announcement does not constitute an “offer of securities to the public” within the meaning of Regulation 2017/1129 of the European Union (the “Prospectus Regulation”) of the securities referred to in it (the “Securities”) in any member state of the European Economic Area (the “EEA”) or, in the United Kingdom (“UK”), the Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (the “UK Prospectus Regulation”). Any offers of the Securities to persons in the EEA or the UK will be made pursuant to an exemption under the Prospectus Regulation or the UK Prospectus Regulation (as applicable), as implemented in member states of the EEA or the UK, from the requirement to produce a prospectus for offers of the Securities.

Securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. persons (as such term is defined in Regulation S under the Securities Act) unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. The issuer of the securities has not registered, and does not intend to register, any portion of the offering, if any, in the United States, and does not intend to conduct a public offering of securities in the United States. In an offering, if any, the securities may be offered and sold outside the United States in reliance on Regulation S and within the United States to “Qualified Institutional Buyers” (as defined in Rule 144A under the Securities Act (“Rule 144A”)) in reliance on Rule 144A. Prospective purchasers are hereby notified that sellers of the securities may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.

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New Chief Sales Officer (CSO) of the R&S Group

Szymon Swierczewski — Mon, 30 Oct 2023 15:01:08 +0000

Sissach, Switzerland, October 2023 – Ulrich Voss has joined the R&S Group’s executive team as the new Chief Sales Officer, starting from October 2023.

Ulrich Voss has more than 25 years of experience in the transformer business. He is joining R&S Group from SGB-SMIT where he was active as VP of Marketing & Sales Power Transformers. Ulrich had different sales positions in the industry for many years. He brings along a deep understanding of the transformer business and markets for more than 20 years and a broad network of contacts on top. All those achievements will help R&S Group take its sales ambitions to another level.

As new Group CSO, Ulrich Voss will be responsible for developing and executing sales strategies and activities, as well as the leadership and guidance of the sales team.

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“Power and Special Transformers” conference – the event for power engineering professionals

Szymon Swierczewski — Wed, 25 Oct 2023 11:49:29 +0000

Łódź, Poland, October 2023 – Once again, the charming town in Southern Poland, Kazimierz Dolny, hosted the transformer industry specialists. In the largest hotel in the town, “Król Kazimierz”, the science and technology conference “Power and Special Transformers” was held.

This was the 13^th edition and the main subject was “Modern production, reliable operation.”

As in previous editions, ZREW was the main organizer, but among the speakers and guests were also representatives of other R&S Group companies Tesar and Rauscher & Stoecklin.

The subject of the conference included the topics related to power and special transformers, in particular:

modern calculation and design methods,
development and pro-environmental trends
operation, diagnostics and research,
modernizations and repairs.

The conference consisted of an opening session and three thematic panels. The opening session featured the paper “Carbon Footprint Reduction of Distribution Transformers“. Then, during the two days of the event, guests could listen to many papers grouped in sessions:

Transformers calculations and tests,
Operation of transformers,
Transformer diagnostics.

The papers were written and presented by scientists and experts from leading scientific centers, enterprises representing professional power engineering sector, scientific and research institutions, and businesses cooperating with the power engineering sector.

The selection and assignment of papers to thematic sessions was made by a scientific and program committee composed of representatives of leading Polish technology universities.

Additionally, a high level of content was provided by the event’s co-organizers: Institute of Mechatronics and Information Systems of the Lodz University of Technology, Institute of Electrical Power Engineering of the Lodz University of Technology, Association of Polish Electrical Engineers – Lodz Branch.

The conference was held in cooperation with Shell Polska.

About ZREW
ZREW is part of the Swiss-based R&S Group, a leading provider in selected niches for power products. ZREW is a leading Polish manufacturer of oil-immersed transformers with power ratings up to 120 MVA. The portfolio includes transformers for power stations, heat and power plants, wind farms, distribution networks as well as special and furnace transformers.

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Energizing FIFA World Cup 2022

Szymon Swierczewski — Fri, 25 Nov 2022 11:57:24 +0000

Doha, Qatar, November 2022 – Tesar supplied more than 200 cast resin transformers to eight football stadiums in Qatar to ensure the energy security of the world’s premier football tournament.

More than four years ago, Tesar became the main supplier of transformers for a great construction and architectural project, which was to power the facilities where the 2022 FIFA World Cup would take place. The biggest challenge for the Italian company was to deliver a large number of transformers within strict deadlines and to provide a smooth energizing of all devices. All projects related to the construction or modernization of stadiums in Qatar were implemented under the time rigor of the upcoming World Cup, and their proper functioning depended on an efficient electricity supply system.

As many as 7 of the 8 stadiums hosting the 32 football national teams competing for the world champion have been equipped with an advanced air conditioning system that maintains a constant temperature in the arenas, equal to 21 degrees Celsius. Stadiums in Qatar have been equipped with powerful apparatus designed to cool the air inside the venues. Special vents are located around the turf and under fans’ seats, pumping cool air.

Often, major sporting events are fields for technological innovation. At the World Cup in Qatar, one of these is the construction of the world’s first “throwaway” stadium, which will be dismantled after the tournament. The name of this facility – Stadium 974 – comes from the number of containers from which it is built. And one of the innovations in this unique venue with a capacity of more than 44,000 football fans is the use by Tesar, along with Siemens, IP00 cast resin transformers installed inside containerized substations.

“In fact Stadium 974 at the end of the World Cup will be “disassembled” and the relevant area will be requalified. Our substation can be reused again for future buildings after requalification, without any waste of material,” said Luca Procino, Area Sales Manager Middle East at R&S Group.

Some specifications of cast resin transformers delivered to stadiums and related energy centers:

Al Bayt Stadium – 45 x 1600kVA
Iconic Lusail Stadium – 22 x 1600kVA
Ahmed Bin Ali Stadium – 4 x 1600kVA
Al Janoub Stadium – 29 x 1600kVA
Al Thumama Stadium – 18 x 1600kVA
Education City Stadium – 33 x 1600kVA + 10 x 3750kVA
Khalifa Stadium – 33 x 1600kVA
Stadium 974 – 10 x 2500kVA

About Tesar
Tesar is part of the Swiss-based R&S Group, a leading provider of electrical infrastructure products in key markets around the globe. With manufacturing facilities and offices in Europe, the Middle East, and South America, R&S is a major supplier of transformers and switches for customers in the utility, industry, and infrastructure sectors.

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