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SBF AG
Regulatory Filings • Dec 9, 2022
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News Details
Corporate | 9 December 2022 08:30
SBF acquires property for expansion of production facility in Leipzig
EQS-News: SBF AG / Key word(s): Acquisition/Real Estate
SBF acquires property for expansion of production facility in Leipzig
09.12.2022 / 08:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
SBF acquires property for expansion of production facility in Leipzig
- 1,175 square meters of additional production and office space.
- The site is directly connected to SBF’s existing premises.
- Strategic expansion of the vertical range of added value.
- Establishment of powder and wet paint coating by the end of 2023.
Leipzig, 9 December 2022 – SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, “SBF”), a listed supplier of LED lighting systems for rolling stock, local authorities, railways and industry, is expanding at its headquarters in Leipzig and extending its vertical range of added value with new production facilities for powder and wet paint coating. For this purpose, the company has acquired a neighboring plot of land with an area of 2,682 square meters from AOK Verlag. The parties have agreed not to disclose the purchase price.
Rudolf Witt, Member of the Board of SBF AG: “Continuing disruptions in global supply chains are a major challenge for our industry. Companies with a high vertical range of added value and regional product availability have a considerable competitive advantages due to their independence from upstream suppliers. Therefore, we are continuously expanding our vertical range of added value and strengthening our local production. The move into powder and wet paint coating is an important building block in this strategy.”
The company will make investments in the development of powder and wet paint coating by the end of 2023. A warehouse and production hall of 825 square meters already stands on the acquired property and will be expanded and converted to meet SBF’s requirements. Powder and wet paint coating is an important step in the production of ceiling systems for rolling stock, for example. In addition, office space of 350 square meters, which is also located on the property, will be used for SBF’s administration.
About SBF Group:
SBF is a listed supplier of LED lighting systems for rolling stock, local authorities, rail and industry. With its focus on energy-efficient LED lighting, SBF is benefiting from the megatrends of climate protection and urbanization and expects double-digit growth rates in the coming years. SBF is focusing on organic and inorganic growth to expand its range of services and increase the depth of value creation.
In the ‘Rolling Stock’ business area, SBF is a tier 1 supplier of complex ceiling and lighting systems for the world’s leading rolling stock manufacturers. Strong technological competence, high vertical integration and customized customer solutions are the basis for a leading market position in a market with high entry barriers. In the ‘Public and Industrial Lighting’ business area, SBF offers modern and smart LED systems for efficient lighting of roads, railroad stations and industrial plants.
For more information, visit https://www.sbf-ag.com .
**Company contact:
SBF AG**
Der Vorstand
Zaucheweg 4
04316 Leipzig
Phone: +49 (0)341 65235 894
E-Mail: [email protected]
**Press contact:
Kirchhoff Consult AG**
Alexander Neblung
Borselstraße 20
22765 Hamburg
Phone: +49 (0)40 60 91 86 70
E-Mail: [email protected]
09.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | SBF AG |
| Zaucheweg 4 | |
| 04316 Leipzig | |
| Germany | |
| Phone: | +49 (0)341 65235894 |
| E-mail: | [email protected] |
| Internet: | www.sbf-ag.com |
| ISIN: | DE000A2AAE22 |
| WKN: | A2AAE2 |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Munich (m:access), Stuttgart |
| EQS News ID: | 1508905 |
| End of News | EQS News Service |