At the Annual General Meeting on 21 April, shareholders approved the change of name from Conzzeta AG to Bystronic AG and it trade under the name 'BYS'.

The change of name is the result of the strategic transformation focusing on the sheet metal processing segment (Bystronic) and the divestment of all other business operations announced by Conzzeta in late 2019.

The listed registered shares of Conzzeta AG have been transferred to Bystronic AG. The Conzzeta board of directors is now the new board of directors of Bystronic AG.

CEO Alex Waser said: "This is a historic moment. I am proud to share this special day with our customers, investors, and the entire Bystronic team around the globe.

The company explains that it is positioning itself "in a future-oriented market as a modern, agile company that is managed in a sustainable manner".

In this context, Bystronic presented its 'Strategy 2025' in November 2020. Waser says: “Bystronic will position itself even closer to the customer with new and innovative solutions.”

The company says by leveraging the innovative drive of our employees and with an even stronger focus on software and customer service, we will achieve our ambitious goals.

It is investing in subsidiaries around the globe to boost capacity to respond even more rapidly to customer and market needs in the future. And as a supplier of end-to-end solutions, it offers customised smart factory solutions consisting of integrated individual systems that form a networked manufacturing environment