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Uster raises CHF 43.9 mn with new strategic investor Toyoto

19 Nov '09

4 min read

a level that will be welcomed by our existing shareholders and financial partners.”

“Our investment in Uster Technologies Ltd establishes a basis for us to further develop Toyota Industries Corporation's business opportunities”, said Tetsuro Toyoda, President of Toyota Industries Corporation. “We are extremely pleased to have been given the opportunity to invest in a highly profitable company with an excellent technology and product portfolio.We believe in Uster Technologies Ltd's strong market position underlined by the company's outstanding quality management system and unique approach towards quality optimization, as expressed by their philosophy 'Think Quality'.”

The Uster Group is the leading high technology instrument manufacturer of products for quality measurement and certification for the textile industry. The Group provides testing and monitoring instruments, systems and services that allow optimization of quality through each individual stage of textile production; from the raw textile fiber, such as cotton, wool or synthetic filament yarns, to the final finished fabric.

Toyota Industries Corporation was founded in 1926 by Sakichi Toyoda to manufacture and sell the automatic looms which he had invented and perfected. Since that time Toyota Industries has promoted diversification and expanded the scope of its business domains to include textile machinery, automobiles (vehicles, engines, car air-conditioning compressors, etc.), materials handling equipment, electronics, and logistics solutions.

Uster Technologies Ltd

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