Corporate | 21 November 2005 07:00
ARQUES: Expansion of printing activities to Austria
Corporate-news transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Expansion of printing activities to Austria
ARQUES acquires Austrian web offset printer Sochor Group GmbH –
internationalisation progresses briskly
Starnberg, November 21, 2005 – by notarial document dated November 18, 2005
the Starnberg-based equity investment company, ARQUES Industries AG (ISIN
DE0005156004), acquired 100% of the shares in the Sochor Group GmbH, Zell am
See, Austria. Hereby ARQUES continues its announced internationalisation
within the web offset printing market. Sochor is to be transferred to the
stock exchange listed ARQUANA International Print & Media AG (ISIN
DE0006781008). ARQUANA is a subsidiary of ARQUES Industries AG which operates
under the name Circel Grundstücks- und Vermögensverwaltung up until the
general meeting scheduled for December 2, 2005.
The Sochor Group is one of the largest web offset printing works in Austria.
In 2004 the company showed a turnover to the value of EUR33 million. The
company has state of the art technology and owns the properties where it
operates. The Sochor Group is of crucial strategic importance to the expansion
into Switzerland and the development of the eastern European markets.
Intensive customer relations already exist in both regions.
The purchase price is divided into different components. EUR0.5 million was
due immediately and has already been paid. Approximately EUR0.5 million more
becomes due as an “earn-out” when certain fixed milestones are reached.
Furthermore, the sellers receive 75,000 shares in ARQUANA International Print
& Media AG at current market value as an additional purchase price component.
Thus it was possible to cover a large part of a purchase price with the
transfer of shares in ARQUANA International Print & Media AG. The executive
board evaluates this also as a proof of the intrinsic value of the ARQUANA
subsidiaries.
Due to the acquisition of the Sochor Group, ARQUES together with its
subsidiary ARQUANA, is one of the prominent printing specialists in the web
offset market situated in Germany at present. The operational companies
include Colordruck Pforzheim GmbH & Co. KG, Johler Druck GmbH in Neumünster,
Nord Offset Druck GmbH in Ellerbek as well as Evry Rotatives S.A.S acquired
from Imprimerie Nationale S.A. in Paris. The forecast annual turnover for 2006
from the printing sector rises to more than EUR130 million due to this
transaction.
On the holdings level the consolidated and annualised ARQUES Industries AG
turnover now clearly exceeds the EUR500 million mark. ARQUES hereby succeeded
in clearly surpassing the most recent goal set for 2005 in advance. Therefore
the ARQUES sales objectives for 2006 remain as planned.
The executive board recons with continuing acquisition activity in the last
weeks of the year.
About ARQUES
ARQUES Industries AG, Starnberg, is a turnaround specialist who focuses on the
acquisition and the active restructuring of companies in transitional
situations, in order to develop these, with its own team and own resources, to
competitive enterprises with a positive yield. ARQUES revitalises its
subsidiaries’ potential for creating value for the benefit of all its
stakeholders, taking on the relevant social responsibility. ARQUES has made a
duty of identifying underestimated companies with reduced survivability but
with high appreciation potential, at the same time mastering complex company
structures and transitional situations. The shares of ARQUES Industries AG are
traded in the regulated market (Prime Standard) of the Frankfurt Stock
Exchange under the symbol “AQU” (ISIN: DE0005156004) and are listed in the
SDAX since September 19, 2005.
Contact:
ARQUES Industries AG
Investor Relations &
Corporate Communication
Anke Lüdemann, CEFA/CIIA
Tel.: +49 (0) 8151/ 651 0
Email: luedemann@arques.de
DenkLeistung Kommunikationsmanagement
Monika Schlesinger
Tel.: +49 (0) 8141/ 53 97 02
Email: Monika.Schlesinger@t-online.de
End of announcement (c)DGAP 21.11.2005
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WKN: 515600 ; ISIN: DE0005156004; Index: SDAX
Listed: Geregelter Markt (Prime Standard) in Frankfurt; Freiverkehr in Berlin-
Bremen, München und Stuttgart