Ad-hoc | 12 July 2005 08:01
INDUS Holding AG acquires system supplier Selzer
Ad hoc announcement §15 WpHG
Acquisition
INDUS Holding AG acquires system supplier Selzer
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Bergisch Gladbach, 12 July 2005 – INDUS Holding AG (ISIN DE0006200108) has
acquired a 70% stake in Selzer Fertigungstechnik GmbH & Co. KG, Driedorf-Roth.
The Selzer family retains a 30% stake. In the 2004 financial year, the
specialist supplier for the automotive and electrical industry, which employs
about 600 people, generated sales of approximately EUR80 million. Hans-Joachim
Selzer, who has been managing partner of the company for over 20 years, will
retain responsibility for operational development within the company.
As a system supplier, Selzer holds an excellent market position and is audited
at all large manufacturers. Selzer has extensive expertise in the development
and production of complete, ready-to-install metal assemblies, particularly
for manual transmission, brakes and engines. In addition, an entire range of
services is provided from product development and prototyping through to
production. Selzer generates the majority of its sales from manufacturers in
the vehicle industry, with a focus on the area of commercial vehicles.
Companies in the electrical industry form a second important customer group.
With the concluded acquisition, INDUS Holding AG can continue its strategy of
acquiring majority holdings in profitable niche companies. The investment
portfolio currently comprises 41 medium-sized companies including Selzer. The
forecast, given at the beginning of the year, to achieve sales and earnings
growth comparable to the previous year’s, is confirmed by the Selzer
acquisition. The comfortable liquidity position following this purchase is
also likely to promote further investment.
INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Deutschland
ISIN: DE0006200108 (SDAX)
WKN: 620010
Listed: Geregelter Markt in Düsseldorf und Frankfurt (Prime Standard);
Freiverkehr in Berlin-Bremen, Hamburg, München und Stuttgart
End of ad hoc announcement (c)DGAP 12.07.2005
120801 Jul 05