R&S Group, a supplier of power and distribution transformers and other components, went public via a SPAC merger with VT5 Acquisition, a special purpose acquisition company, in a $303m deal. "With today's listing of R&S Group at 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 at 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," Heinz Kundert, R&S Group Chairman of the Board.