Corporate | 11 January 2005 13:29
IWKA AG: Triton and management acquire RMG Gas-, Regel- und Messtechnik Group
Corporate-news announcement sent by DGAP.
The sender is solely responsible for the contents of this announcement.
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Triton and management acquire RMG Gas-, Regel- und Messtechnik Group from IWKA
Karlsruhe, January 11, 2005
As part of its concentration on core business areas, the IWKA Group,
Karlsruhe, has sold the RMG Group, which is comprised of the following
companies: RMG Regel + Meßtechnik GmbH, Kassel, Karl Wieser GmbH, Ebersberg,
WÄGA Wärme-Gastechnik GmbH, Kassel, RMG-GASELAN Regel + Meßtechnik GmbH,
Fürstenwalde, RMG Meßtechnik GmbH, Butzbach, Zaklad Urzadzen Gazowniczych
GAZOMET Sp. z o.o., Rawicz (Poland), Bryan Donkin RMG Gas Controls Ltd.,
Chesterfield (Great Britain), and Bryan Donkin RMG Canada Ltd., Woodstock
(Canada), together with associated non-consolidated service and sales
companies. The sale is effective as of January 1, 2005, pending approval by
the relevant antitrust authorities.
The companies were acquired by Triton, a European private equity house with
offices in Frankfurt, London and Stockholm. Triton manages funds valued at EUR
650 million and its investment focus is primarily on companies located in
German and Nordic speaking regions. Its strategy is to support the management
teams of the purchased companies in further developing their market-leading
businesses by providing necessary investment capital.
The RMG Group conducts business in the natural gas distribution industry,
specializing in regulating and safety systems, as well as shutoff and metering
technology together with the associated installation services. Thanks to its
profitable position, the company was able to expand its business through
increased international activities and achieved sales of approximately EUR 100
million in 2004. The Group has over 900 employees.
The parties have agreed not to disclose the conditions of the sale. The
transaction process was supported by M & A consultants Drueker & Co.,
Frankfurt/Main.
Contact:
Dr. Gert Butter
Head of Public Relations
Phone: +49 (0)721/143-330
Fax: +49 (0)721/143-331
e-mail: pr@iwka.de
end of message, (c)DGAP 11.01.2005
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WKN: 620440; ISIN: DE0006204407; Index: MDAX
Listed: Amtlicher Markt in Berlin-Bremen, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, Hannover, München und Stuttgart
111329 Jän 05