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Eckert & Ziegler Strahlen- und Medizintechnik AG
M&A Activity • May 24, 2017
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News Details
Ad-hoc | 24 May 2017 13:58
Eckert & Ziegler Plans Takeover of Gamma-Service
Eckert & Ziegler Strahlen- und Medizintechnik AG / Key word(s): Takeover
24-May-2017 / 13:58 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.
Berlin, 24 May, 2017 – Eckert & Ziegler AG (ISIN DE0005659700) has today been awarded the contract to take over significant parts of the Gamma-Service Group, based in the German state of Saxony, as part of a tendering process. A payment of approximately EUR 8 million was agreed upon by the parties for the takeover of four debt-free companies. This includes compensation for liquid funds and positive net working capital. Subject to approval by the Supervisory Board and to detailed agreements that have yet to be concluded, the plans call for a takeover as of May 31, 2017.
The companies concerned, which include a manufacturer of blood irradiation equipment, a specialist for the construction of laboratory and handling equipment as well as a producer of radiation sources for industry, employ a staff of around 150 at four European locations and generated sales of some EUR 20 million in fiscal year 2016.
Your contact:
Eckert & Ziegler AG, Karolin Riehle, Investor Relations
Robert-Rössle-Str. 10, 13125 Berlin, Germany
Tel.: +49 (0) 30 / 94 10 84-138, [email protected], www.ezag.com
Information and Explanation of the Issuer to this News:
‘By way of the transaction, Eckert & Ziegler is strengthening its position as one of the world’s leading isotope specialists and is expanding its product and customer portfolio in the Isotope Products segment. Thanks to Gamma-Service’s strong business activities in regions in which Eckert & Ziegler has previously been less active, we are also further expanding our market position,’ said Frank Yeager, member of the Group Executive Committee of Eckert & Ziegler AG and responsible for the Isotope Products segment.
About Eckert & Ziegler
Eckert & Ziegler Strahlen- und Medizintechnik AG (ISIN DE0005659700), with approximately 610 employees, is one of the world’s largest providers of isotope technology components for radiation therapy and nuclear medicine.
Contributing to saving lives.
About Gamma Service
The Gamma-Service Group is a specialist for the manufacturing of isotope technology products for medical and industrial applications, as well as their proper disposal.
24-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Eckert & Ziegler Strahlen- und Medizintechnik AG |
| Robert-Rössle-Str.10 | |
| 13125 Berlin | |
| Germany | |
| Phone: | 49 30 941084-138 |
| Fax: | 49 30 941084-112 |
| E-mail: | [email protected] |
| Internet: | www.ezag.de |
| ISIN: | DE0005659700 |
| WKN: | 565970 |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
| End of Announcement | DGAP News Service |