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INDUS Holding AG
M&A Activity • Sep 13, 2019
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M&A Activity
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Corporate | 13 September 2019 08:59
INDUS Holding AG: INDUS signs contract to sell TKI
DGAP-News: INDUS Holding AG / Key word(s): Disposal/Investment
13.09.2019 / 08:59
The issuer is solely responsible for the content of this announcement.
INDUS signs contract to sell TKI
Bergisch Gladbach, 13 September 2019 – The contract has been signed: IPETRONIK Eichstätt GmbH, a portfolio company of INDUS Holding AG, is selling its minority interest in TKI Automotive GmbH to the majority shareholder Audi Electronics Venture GmbH. TKI Automotive GmbH specializes in thermal management, comfort electronics and interior air conditioning for conventional drives and electrified vehicles. On July 23, INDUS had already announced the agreement on the sale and the resulting positive impact on earnings and liquidity. The sale is still subject to the approval of the antitrust authorities.
As a medium-sized holding company, INDUS primarily acquires companies from industries of the future such as automation, measurement and control technology, construction and security technology, medical engineering and life science, infrastructure and logistics technology as well as energy and environmental engineering or acquires a majority interest in such companies. The company’s strategy is to hold and develop these companies. In addition, INDUS invests in younger companies. As in the case of TKI, this also includes minority interests or joint ventures, which are also developed on a long-term basis or resold in individual cases.
About INDUS Holding AG:
Established in 1989 and headquartered in Bergisch-Gladbach, INDUS Holding AG is an SME holding company which concentrates on the long-term development of its portfolio companies. The industry focus is on construction and infrastructure, automotive technology, mechanical and plant engineering, medical engineering / life sciences as well as metals technology. As a leading specialist for sustainable corporate development, INDUS attaches great importance to the operational autonomy of its 46 portfolio companies. Since 1995, INDUS Holding AG has been listed in the Prime Standard of the Frankfurt Stock Exchange (DE0006200108); in 2018, the Group generated revenues of around EUR 1.7 billion. For more information on INDUS, visit www.indus.de .
Contact:
Mandy Lange & Julia Pschribülla
Public Relations & Investor Relations
INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Tel +49 (0) 022 04 / 40 00-31
Tel +49 (0) 022 04 / 40 00-66
E-mail [email protected]
E-mail [email protected]
13.09.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | [email protected] |
| Internet: | www.indus.de |
| ISIN: | DE0006200108 |
| WKN: | 620010 |
| Listed: | Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 872957 |
| End of News | DGAP News Service |