M&A Activity • Oct 8, 2008
M&A Activity
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Corporate | 8 October 2008 07:00
ARQUES Iberia takes over Spanish transport service provider, BPACK
ARQUES Industries AG / Acquisition
Release 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 Iberia takes over Spanish transport service provider, BPACK
Starnberg, October 8, 2008 - ARQUES Iberia, the Spanish subsidiary of
Starnberg-based ARQUES Industries AG (ISIN DE0005156004), took over the
distribution network of the transport service provider, BPACK, Madrid, for
a symbolic purchase price. ARQUES is hereby actively contributing to the
consolidation of the transportation service sector in Spain. BPACK is to be
merged with the ARQUES subsidiary, ASM, already operating in this sector,
as soon as possible. Both companies specialise in courier, transport and
special logistics services for major customers and were in competition till
now. The takeover of the BPACK network with 150 agents in Spain not only
allows for a substantially larger customer base, but also considerable
synergies and cost savings. By way of the acquisition, ASM revenues
increase by 20% to more than EUR 55 million.
With this transaction ARQUES continues its international expansion strategy
which began in 2006. The takeover of BPACK is the fourth in Spain since.
Currently ARQUES has international business operations in Austria, Spain,
Switzerland, Italy and Great Britain. The number of ARQUES acquisitions
herewith rises to a total of six in the financial year 2008. ARQUES
announced a target of 7 to 10 acquisitions for this financial year in its
half-year report in August.
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.
Contact
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Email: [email protected]
Public Relations
Christian Schneider
Email: [email protected]
Tel.: +49 (0) 8151/ 651 0
08.10.2008 Financial News transmitted by DGAP
Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: [email protected]
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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