R&S Group’s Business Combination Agreement with VT5

The shareholders of R&S Group, a leading provider of electrical infrastructure components in Switzerland and international markets, entered into a Business Combination Agreement with VT5 Acquisition Company Ltd, the SIX-listed SPAC. The parties have agreed to combine their businesses at a purchase price of CHF 274 million and thereby take R&S Group public in Switzerland. The transaction is expected to be completed by mid-December 2023.