Gigaset AG

M&A Activity • Sep 16, 2009

News Details

Corporate | 16 September 2009 09:00

ARQUES closes sale of Actebis Group

ARQUES Industries AG / Disposal

16.09.2009

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.

---

ARQUES closes sale of Actebis Group
* Approval granted by cartel authority
* Further reduction of debt and risk
* Optimisation of investment portfolio to be continued
Munich, September 16, 2009. ARQUES Industries AG (ISIN DE0005156004) has
closed the sale of the ICT distributor, Actebis, based in Soest. The
closing of the contract took place with effect September 15, 2009 after the
approval of the transaction by the competent cartel authorities. Hereby
ARQUES will accrue the purchase price to the value of EUR 38.9 million. In
addition, the buyer, Droege Capital GmbH, Dusseldorf, a subsidiary of
Droege International Group AG, will indemnify ARQUES for still pending
purchase price liabilities to the value of EUR 37.5 million. ARQUES will
use the sales proceeds for the further reduction of debts.

With this sale, ARQUES Industries AG was able to arrange its Actebis
commitment successfully, taking into consideration all ancillary expenses
and financing costs of the transaction. ARQUES acquired Actebis at the end
of September 2007.

'The sale of our subsidiary, Actebis, not only contributes to the
significant reduction of our indebtedness. We have also succeeded in
removing considerable risks from our balance sheet by way of the
transaction. Hereby the ARQUES Group balance sheet total is reduced by a
total of approximately EUR 500 million. ARQUES thereby consistently
continues its consolidation course in order to return to a profitable
growth course', said Hans Gisbert Ulmke, chairman of the ARQUES executive
board.

About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of
conglomerates regarding company spin-offs and a turnaround specialist who
focuses on the acquisition and the active restructuring of companies in
transitional situations, in order to develop these, with its own team and
own resources, to competitive enterprises with a positive yield. ARQUES
revitalises its subsidiaries' potential for creating value for the benefit
of all its stakeholders, taking on the relevant social responsibility. The
shares of ARQUES Industries AG are traded in the regulated market (Prime
Standard) of the Frankfurt Stock Exchange under the symbol 'AQU' (ISIN:
DE0005156004) and are listed in the SDAX.

ARQUES Industries AG
Corporate Communication
Christian Schneider
Email: schneider@arques.de

Tel.: +49 (0) 89/ 25 55 00 -0

16.09.2009 Financial News transmitted by DGAP

---

Language: English
Company: ARQUES Industries AG
Arnulf Office Park - Arnulfstraße 37-39
80636 München
Deutschland
Phone: +49 89/255500-0
Fax: +49 89/255500-200
E-mail: schneider@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Hamburg, Stuttgart

End of News DGAP News-Service

---