INDUS Holding AG

M&A Activity • Sep 18, 2008

News Details

Corporate | 18 September 2008 10:14

INDUS acquires full ownership of Ennepetal-based Köster Group

INDUS Holding AG / Miscellaneous

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.

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Bergisch Gladbach, September 18, 2008 – SDAX-listed INDUS Holding AG (ISIN
DE0006200108) has just announced an expansion of its investment portfolio
through the 100 percent takeover of Anneliese Köster GmbH & Co. KG (KöCo)
based in Ennepetal. KöCo comprises the Ennepetal-based operating company,
Köster & Co. GmbH, as well as its Czech and Italian production and sales
subsidiaries. 'Following a prolonged phase during which INDUS refrained
from making new investment in light of exaggerated asking prices, we are
now optimally positioned to move ahead with new acquisitions', said Helmut
Ruwisch, CEO of INDUS Holding AG.

KöCo was founded in 1952. Its Ennepetal and Czech factories produce
connecting elements for stud-welding applications including the required
stud welding machines. The system supplier’s products bearing the KöCo logo
enjoy an excellent market position due to the company’s distribution
network in 80 countries worldwide.

Stud welding is a safe and very efficient process for joining workpieces
and its importance continues to grow especially in the infrastructure area.
Applications are found worldwide in steel construction, steel concrete
construction, shipbuilding, engineering, container building, commodities
production and other industries.

The Köster Group is characterised by dynamic growth and employs
approximately 100 staff. The company expects to report sales in excess of
EUR 23 million, with an export share of approximately 60 percent, in fiscal
2008.

'I believe that the sale to INDUS represents an ideal solution with regard
to the long-term viability of my company and the jobs here at the local
level,' said the current owner, Detlef Köster.
18.09.2008 Financial News transmitted by DGAP

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Language: English
Issuer: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Deutschland
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: Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Hamburg, München, Stuttgart

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