Ad-hoc | 19 June 2019 08:23
KWS SAAT SE: Entry into the vegetable seeds business: KWS acquires Pop Vriend Seeds
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KWS SAAT SE / Key word(s): Mergers & Acquisitions
Disclosure of an inside information acc. to Art. 17 MAR
Entry into the vegetable seeds business: KWS acquires Pop Vriend Seeds Einbeck, June 19, 2019. Today KWS SAAT SE entered into a definitive agreement for the purchase of the vegetable seeds business operating under the ‘Pop Vriend Seeds’ brand. Pop Vriend Seeds is a family-owned, worldwide operating seeds breeding company for spinach, beans, red beet, and Swiss chard with headquarters in Andijk/NL. Under the “Pop Vriend Seeds” brand, the company sells vegetable seeds in over 100 countries. The agreed purchase price equals approx. 20% of the current market capitalisation of KWS SAAT SE. Founded in 1956, the fast-growing company Pop Vriend Seeds generated revenues of around EUR 75 million in the 2017/2018 financial year with above-average profitability. The acquisition will strengthen KWS’s future revenues and earnings growth and contribute to the achievement of its strategic goals. The Executive Board
19-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | KWS SAAT SE |
| Grimsehlstraße 31 | |
| 37555 Einbeck | |
| Germany | |
| Phone: | +49 (0)5561 311-0 |
| Fax: | +49 (0)5561 311-322 |
| E-mail: | info@kws.com |
| Internet: | www.kws.de |
| ISIN: | DE0007074007 |
| WKN: | 707400 |
| Indices: | S-DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 827109 |
| End of Announcement | DGAP News Service |