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Aumann AG
M&A Activity • Oct 18, 2017
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M&A Activity
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Ad-hoc | 18 October 2017 12:40
Aumann AG acquires automation specialist USK and announces preliminary results
Aumann AG / Key word(s): Takeover/Change in Forecast
Aumann AG acquires automation specialist USK and announces preliminary results
18-Oct-2017 / 12:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information acc. to Article 17 MAR
Aumann AG acquires automation specialist USK and announces preliminary results
Beelen, 18 October 2017
Aumann AG (“Aumann”, ISIN: DE000A2DAM03) acquires 100% of the shares in USK Karl Utz Sondermaschinen GmbH (“USK”) from the family owners with effect as of today.
USK is a sustainably profitable specialist for automation solutions, employing more than 300 people at the company’s headquarters in Limbach-Oberfrohna. In 2016, the company generated revenues of almost EUR70 million. USK has decades of experience as an equipment supplier for leading OEMs and Tier-1s. An especially promising focus of the company are production lines for fuel cells, which fits perfectly into Aumann’s E-mobility strategy. Management sees the complementary customer base, excellent technological expertise and especially development, engineering and assembly capacities as the best possible strategic fit to support the sustainable growth plans of the Aumann Group. Signing and closing of the transaction took place simultaneously today. The parties have agreed to keep the purchase price confidential.
According to preliminary figures, Aumann’s revenues in the first nine months grow by 24.1% to EUR140.3 million and EBIT grows by 26.4% to EUR15.1 million compared to the same period in the previous year. Order intake amounts to EUR135.3 million. In the E-mobility segment, revenues reach EUR40.3 million in the first nine months, EBIT reaches EUR4.8 million and order intake EUR51.1 million. The third quarter, however, is significantly below expectations. According to management’s assessment, this is mainly due to the strong organic growth.
Based on the acquisition of USK, the expected consolidated revenues for the full year 2017 grow to more than EUR210 million. In light of the third quarter, EBIT for the full year is currently expected to be above EUR20 million and therefore lower than previously forecast. Annualised revenues of the Aumann Group including USK now reach more than EUR260 million according to management’s assessment. Order requests, especially for large potential orders in the E-mobility segment, have recently gained further traction.
Aumann AG
Dieselstraße 6
48361 Beelen
Germany
www.aumann-ag.com
Executive Board
Rolf Beckhoff (CEO)
Ludger Martinschledde (CEO)
Sebastian Roll (CFO)
Supervisory Board
Gert-Maria Freimuth (Chairman)
Christoph Weigler
Klaus Seidel
Court of registration
Amtsgericht Münster, Registernummer: HRB 16399
For questions please contact:
Constantin Mang
+49 162 426 08 74
18-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Aumann AG |
| Dieselstraße 6 | |
| 48361 Beelen | |
| Germany | |
| Phone: | +49 (0) 2586 888-0 |
| Fax: | +49 (0) 2586 888-7100 |
| E-mail: | [email protected] |
| Internet: | www.aumann-ag.com |
| ISIN: | DE000A2DAM03 |
| WKN: | A2DAM0 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| End of Announcement | DGAP News Service |