Ad-hoc | 29 January 2013 12:48
INDUS Holding AG / Key word(s): Acquisition
29.01.2013 12:48
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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INDUS acquires supplier of logistics technology Budde-Group
Bergisch Gladbach, January 29, 2013 - INDUS Holding AG (ISIN DE0006200108,
WKN 620010, INH), an SDAX listed company, has agreed on 29 January 2013 the
purchase of 75 % of the shares in the medium sized enterprise Budde group
in Bielefeld. With this purchase INDUS has entered into the attractive
industry segment of infrastructure and logistics, one of the sectors
defined as strategic target industries by INDUS. For INDUS this acquisition
is an important step in consistently following an articulate growth
strategy with a focus on industrial markets of the future.
Budde group with its locations in Bielefeld, Schmalkalden (in the German
state of Thuringia) and Kamen (Northrhine-Westfalia) is one of the leading
suppliers of general material and bulk conveyor systems. The company
supplies mechanical as well as fully automated systems. In the fiscal year
2011 the approx. 170 employees of Budde group generated a turn over of
approx. 50 million Euro. 80 % of the customers of Budde group belong to the
courier, express and parcel service sector. As a consequence of a boom of
e-commerce this market is growing very dynamically. Further customers
belong to the food and beverages and to the automotive industry.
The price to be paid for the acquisition ranges between a lower and medium
two digit million Euro amount. The sustainable profitability of Budde group
corresponds with the published requirements of INDUS of an EBIT margin of
more than 10 %.
The transfer of shares is agreed to take place with economic effect as of 1
January 2013; the transfer is made under the condition precedent of merger
control clearance. One of the shareholders, Jürgen Budde, will continue to
build the activities of the group after the sale as a 25% shareholder and
as a managing director.
Contact:
Regina Wolter
Corporate Communications & Investor Relations
Phone +49 2204 4000 70
E-Mail wolter@indus.de
29.01.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
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 Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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