Corporate | 30 November 2007 08:00
ARQUES Industries AG / Acquisition
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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ARQUES to acquire SM Electronic from Thomson
Starnberg, November 30, 2007 – ARQUES Industries AG has taken over all
shares in the consumer electronics company, SM Electronic, based in
Stapelfeld near Hamburg. The seller is Thomson Group (Boulogne-Billancourt
near Paris), the leader in video technology which intends to concentrate on
its core business. With its trademark 'Skymaster', SM Electronic has been
active in the reception technology segment (satellite receivers and
satellite mirrors) for more than 25 years and generated revenues to the
value of EUR 60 million (2006) with approximately 200 employees. The
takeover is subject to the usual approval by the relevant authorities.
ARQUES expects the conclusion of the takeover by the end of the year.
Under the brand name 'Skymaster', SM Electronic offers satellite and
antenna receivers (digital TV) as well as electronic accessories for, among
others, audio, video, home cinema, car hi-fi, navigation and multimedia.
The company has a broad customer base consisting of large specialist
retailers, department stores and trade chains in Germany and other European
countries.
'SM Electronic is a typical ARQUES transaction: ARQUES Industries is a
partner for Thomson in realizing the spin-off of its subsidiary and also
intends to further develop SM Electronic into a profitable company', says
Dr. Martin Vorderwülbecke, chairman of the executive board of ARQUES.
Dietrich Austermann, Minister of Economics of Schleswig-Holstein: 'We have
actively supported this transaction since ARQUES Industries AG offers very
good future prospects for SM Electronic and intends to secure the site in
Stapelfeld. With this transaction a valuable company is secured for
Stapelfeld. Considering the unfavourable perspective of a couple of weeks
ago, we are very happy about this development.'
As announced on October 31, 2007, ARQUES also took over the operational
units of the MöllerGroup in France, Spain and Brazil. ARQUES will continue
this business under the name 'Eurostyle'. The initial consolidation of
Eurostyle is scheduled for December 31, 2007.
About ARQUES Industries AG
ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of
conglomerates regarding company spin-offs and 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. 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 MDAX as of October 1, 2007.
Contact
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Email: luedemann@arques.de
Christian Schneider
Email: schneider@arques.de
Tel.: +49 (0) 8151 /651 0
30.11.2007 Financial News transmitted by DGAP
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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
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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