INDUS Holding AG

M&A Activity • Sep 23, 2015

News Details

Corporate | 23 September 2015 10:20

INDUS strengthens portfolio through strategic additions by two investment companies

DGAP-News: INDUS Holding AG / Key word(s): Acquisition

2015-09-23 / 10:20

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INDUS strengthens portfolio through strategic additions by two investment companies

– OBUK acquires EUMATIC/FROHMASCO with customer base in Sweden and Norway

– ANCOTECH takes over an anchoring systems specialist

Bergisch Gladbach, 23 September 2015 – INDUS portfolio company OBUK yesterday signed an agreement to acquire EUMATIC/FROHMASCO, a company based in Sittensen. Forming part of INDUS since 2007, OBUK employs 165 people in Germany and Slovakia where it manufactures high-quality plastic and aluminium panels for front doors. In 2014 OBUK contributed approximately EUR 18 million to total INDUS Group sales.

The EUMATIC/FROHMASCO group supplies both blanks for door panels and all components such as ornamental frames and composite elements. The products are manufactured at the group’s own plant in Poland. The group supplies its products to various customers in Germany, Sweden and Norway and reported sales in the region of EUR 5.5 million in recent years. 115 people are currently on the payroll. OBUK used to source products from EUMATIC/FROHMASCO already in the past. This acquisition not only broadens OBUK’s product range but also gives it access to new customer groups and additional foreign markets.

In another transaction completed in early September, INDUS portfolio company ANCOTECH acquired MURINOX, a company based in Lenk near Fribourg in Switzerland. The ANCOTECH group with its two subsidiaries ancotech AG in Switzerland and ancotech GmbH in Germany joined INDUS in 2006. Specialising in reinforcement and anchoring technology, the group employs some 100 people and manufactures specialty reinforcements for the European market. ANCOTECH contributed approximately EUR 34 million to total INDUS Group sales in 2014.

MURINOX makes and markets anchoring systems for brick facades and its product range is complementary to ANCOTECH’s. In 2014, MURINOX reported sales of approximately CHF 1.1 million.

Including these two most recent additions, INDUS has acquired a total of five companies in the current financial year. Add to this the increase of INDUS’ 90% holding in Brazilian Selzer Automotiva do Brasil to 100% and the acquisition – by way of an asset deal – of a production site in Glauchau (Saxony) by INDUS investment OFA Bamberg.

Jürgen Abromeit, CEO of INDUS Holding AG, is confident that the company will be able to close another acquisition by year-end: “At latest count, we have committed to acquisitions of companies and investments worth some EUR 50 million, which is consistent with our target of investing up to EUR 50 million per year in acquisitions. However, we are currently in several promising talks with potential sellers and I believe that we will be able to announce another acquisition before year-end.”

Contact:

Regina Wolter

Corporate Communications & Investor Relations

Phone +49 2204 4000 70

E-Mail wolter@indus.de

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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:	indus@indus.de
Internet:	www.indus.de
ISIN:	DE0006200108
WKN:	620010
Listed:	Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Munich, Stuttgart

End of News	DGAP News Service

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396799  2015-09-23