M&A Activity • Dec 18, 2008
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Corporate | 18 December 2008 09:35
Aurelius buys Blaupunkt product areas from Bosch
AURELIUS AG / Acquisition
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• Product areas produce modern ‘car infotainment’
• Group revenue rises by EUR 200 million
Munich, 18 December 2008 – Munich-based industrial holding company
AURELIUS acquires the trade and components business from the Car Multimedia
Division of Robert Bosch GmbH operating in the market under the brand name
‘Blaupunkt’. Relevant contracts have been signed by the two companies
yesterday.
The trade and components business is planned to be managed as an
independent company under the well-established traditional brand Blaupunkt
and will be positioned as a specialist in the field of so-called ‘car
infotainment’. Apart from car radios and car hi-fi components the product
range of Blaupunkt also comprises advanced navigation devices (PND). In
fiscal year 2008 the company achieved sales revenue of around EUR 200
million.
With its plants in Vila Real/Portugal, Beni Khalled/Tunisia, and
Penang/Malaysia, Blaupunkt will continue to be operated from its
headquarters in Hildesheim in the future.
'We firmly believe that Blaupunkt will continue to hold a strong position
in the market for car infotainment in the future,' Dr. Dirk Markus, CEO of
AURELIUS, is convinced. 'Together we will successfully meet the specific
needs of the current tense market environment.'
'Henceforth, we will focus on the core business in the area of original
equipment and networked, integrated systems. The divested areas only
marginally added to this, so we have been looking for a partner,' says Dr.
Uwe Thomas, chairman of the board of the Bosch Car Multimedia Division. 'In
the selection of AURELIUS location and employment issues have also played
an important role.'
Both parties agreed on maintaining secrecy over the purchase price. The
takeover of the Blaupunkt product areas of trade and components business is
subject to approval by the antitrust authorities. The closing of the
transaction is expected in early February 2009.
Despite the current challenging situation in the capital markets, AURELIUS
has a strong liquidity and capital position and is well positioned for
further transactions already in the near future.
For more information on AURELIUS, we are happy to serve you:
Ingo Middelmenne
Investor Relations & Corporate Communications
Fon +49 (89) 544799 - 56
Fax +49 (89) 544799 - 55
[email protected]
About AURELIUS AG
AURELIUS AG with headquarters in Munich acquires medium-sized businesses
and group subsidiaries, which no longer correspond to the core business of
its former owner. AURELIUS also acquires companies with complex structures
and actively continues to develop them. With the help of a separate,
specialized task force the company lifts the potential for added value of
its subsidiaries for the benefit of all stakeholders and is well aware of
the related social responsibility. The shares of AURELIUS AG are traded in
the Open Market of the Frankfurt Stock Exchange (ISIN: DE000A0JK2A8).
About Bosch Group
Bosch Group is a leading global technology and service company. With
automotive and industrial technology as well as household goods and
building technology approximately 271,000 employees generated in fiscal
year 2007 revenues of EUR 46.3 billion in fiscal year 2007. Bosch Group
comprises Robert Bosch GmbH and its more than 300 subsidiary and regional
companies in over 50 countries. The Bosch Car Multimedia division with its
subsidiary Blaupunkt has its headquarters in Hildesheim and produces driver
information and display systems, car audio, car speakers and vehicle
antennas. In fiscal year 2007 it generated revenues of more than EUR 1.3
billion and employs approximately 8,500 employees worldwide.
18.12.2008 Financial News transmitted by DGAP
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