Corporate | 6 December 2007 11:20
INDUS Holding AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Bergisch Gladbach, 6 December 2007 - INDUS Holding AG (ISIN: DE0006200108)
has increased its shareholding in Selzer Fertigungstechnik GmbH & Co. KG,
Driedorf-Roth, to 85%. This additional acquisition was made possible by
Hans Joachim Selzer, who retired from his position as managing partner for
reasons of age on 30 June 2007, selling 15 % of his shares in the company
to INDUS Holding. Of the other shares in the company, 15% will remain in
the hands of the Selzer family, which is represented in the company’s
management by Tobias Selzer.
Hans Joachim Selzer, who directed the company as managing partner for more
than 30 years, will continue to accompany the Selzer Group closely in
future and will be responsible for its international activities.
The Selzer Group has comprehensive expertise in the development and
manufacture of complete, ready-to-install metal units for gearboxes, brakes
and motors in particular. The profitable company covers the entire spectrum
of services – from product development through prototype construction to
serial production. In addition to its location in Driedorf-Roth, Selzer
also has a production site in Vinhedo, Brazil. A further location is
currently planned in the USA. This step makes sense strategically and will
contribute to the further expansion of the group of companies.
In the past 2006 financial year, this specialist supplier to the vehicle
and electronics industries generated sales of approximately Euro 83 million
and had around 600 employees.
By acquiring further shares in Selzer Fertigungstechnik GmbH & Co. KG,
INDUS Holding AG is maintaining its strategy of expanding its majority
shareholdings in profitable niche companies. Including Selzer, its
portfolio of shareholdings currently consists of 42 medium-sized companies.
06.12.2007 Financial News transmitted by DGAP
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Language: English
Issuer: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Deutschland
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus@indus.de
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
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