Corporate | 7 August 2006 08:45
ARQUES sells Heinrich Heiland to a French group of investors
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The issuer is solely responsible for the content of this announcement.
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ARQUES sells Heinrich Heiland to a French group of investors
Exit after conclusion of first restructuring phase
Starnberg, August 7, 2006 – ARQUES Industries AG (ISIN DE0005156004) sold
the transportation protection system manufacturer Heinrich Heiland to a
French group of investors retroactively to June 30, 2006. Heinrich Heiland
was taken over at the end of February for a symbolic price. Through the
sale a profit of 100% or EUR 0.5 millions could be realised.
With specific measures, the ARQUES task force specialists had clearly
increased the productivity and efficiency of the company. Among other
things these covered the bundling of operations at the Bratislava location
and the renegotiation of purchasing terms. Unprofitable divisions were
discontinued. For this reason revenue sank under the 10 million Euro mark
and thus under the ARQUES investment limit. On this basis a strategic
investor was found.
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
ubsidiaries’ 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
(c)DGAP 07.08.2006
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Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: info@arques.de
WWW: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, München, Stuttgart
End of News DGAP News-Service
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