VT5, the first and only Swiss SPAC, is considering a merger with R&S Group, a supplier of electrical infrastructure components in Switzerland and international markets.
The company, which is listed on the SIX Swiss Exchange, has entered into exclusive negotiations regarding a possible merger with R&S Group, according to Finews.com.
R&S Group is headquartered in Sissach, Switzerland, between Zurich and Basel. Its six production sites in Switzerland, Italy, Poland, and the Middle East supply home markets and European export markets. VT5 aims to complete the transaction by the end of the year and is planning a capital increase, it added.
Source: SPAC Conference