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TAR - MBB SE subsidiary Aumann AG acquires automation specialist USK and modifies the forecast for the year 2017

Company: MBB SE Date: 2017-10-18 Language: English Register to download

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 News Details

Ad-hoc | 18 October 2017 12:40

#   

MBB SE subsidiary Aumann AG acquires automation specialist USK and modifies the forecast for the year 2017

MBB SE / Key word(s): Takeover/Change in Forecast  

MBB SE subsidiary Aumann AG acquires automation specialist USK and modifies the forecast for the year 2017  

  

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.  

  

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**Disclosure of an inside information acc. to Article 17 MAR**

**MBB SE subsidiary Aumann AG acquires automation specialist USK and modifies the forecast for the year 2017**  

  

Berlin, 18 October 2017 – Aumann AG, a 53.6% subsidiary of MBB SE (ISIN DE000A0ETBQ4), has announced the acquisition of 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. Its capacities for development, engineering and assembly will further support Aumann’s growth path. In 2016, the company generated revenue of c. EUR70 million.

As a result of the acquisition of USK, annualised revenue of MBB Group amounts to more than EUR450 million. As the third quarter of Aumann was weak due to the strong organic growth, management expects earnings per share in 2017 of EUR2.00 which is lower than our previous forecast of EUR2.16.

About MBB SE:

MBB SE is a medium-sized family business that has expanded steadily since it was founded in 1995 through organic growth and the acquisition of companies. Increasing long-term value of the independent subsidiaries and the Group as a whole is the heart of its business model which has been highly profitable from the outset. Substantial growth and sustainable returns will remain MBB SE’s goal in future as well.

Further information on MBB SE can be found at www.mbb.com

—

MBB SE  

Joachimsthaler Straße 34  

10719 Berlin  

Tel +49 30 844 15 330  

Fax +49 30 844 15 333  

request@mbb.com  

www.mbb.com

Listed: Regulated Market in Frankfurt (Prime Standard)

Executive Management  

Dr Christof Nesemeier (CEO)  

Anton Breitkopf  

Dr Gerrit Karalus  

Klaus Seidel

Chairman of the Board  

Gert-Maria Freimuth

Court of Registration  

Berlin-Charlottenburg Local Court, registration number: HRB 165458

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18-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | MBB SE |
|     | Joachimsthaler Strasse 34 |
|     | 10719 Berlin |
|     | Germany |
| Phone: | +49 (0) 30 844 15 330 |
| Fax: | +49 (0) 30 844 15 333 |
| E-mail: | anfrage@mbb.com |
| Internet: | www.mbb.com |
| ISIN: | DE000A0ETBQ4 |
| WKN: | A0ETBQ |
| Indices: | PXAP |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |

  

|     |     |
| --- | --- |
|     |     |
| End of Announcement | DGAP News Service |

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