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M&A Activity • Jun 30, 2005

News Details

Ad-hoc | 30 June 2005 21:39

ARQUES Industries AG sells Schierholz Translift group

Ad hoc announcement §15 WpHG Stragic Business Decision ARQUES Industries AG sells Schierholz Translift group Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— ARQUES sells Schierholz Translift group Starnberg, June,30 2005 – The Starnberg-based equity investment company, ARQUES Industries AG (ISIN DE0005156004), today sold the specialist plant engineering company, Schierholz Translift, to two groups of investors. The scope of the transaction includes an over-all solution for all companies within the Schierholz Translift group. 94% of the German company Louis Schierholz GmbH, the company with the highest turnover within the group, was sold within the context of a management buy- out. The second largest company within the group, Schierholz Translift Schweiz AG, was sold to the Alpenländische Industriekapital AG, Switzerland (AIK), which has also taken over the two smaller corporations, the French Digitron Translift S.A.S. as well as the British Digitron Translift Ltd. A group of managers of the German Louis Schierholz GmbH had suggested a management buy-out of the company to ARQUES. The sale by means of a management buy-out is a possible exit option within the context of the ARQUES concept. ARQUES was able to support this management buy-out, since a buyer (AIK) was found for the smaller foreign companies at the same time in AIK. As requested by AIK, an ARQUES manager will have a minority share in the Swiss company. The entire transaction will mean a positive result to the value of approx. EUR 4 mill. for the ARQUES group. In August 2003 ARQUES took over the specialist engineering company, Schierholz, from the Swiss Swisslog group. Contact: ARQUES Industries AG Investor Relations Anke Lüdemann Tel.: +49 (0) 8151-651 0 e-mail: luedemann@arques.de ARQUES Industries AG Münchner Str. 15 a 82319 Starnberg Deutschland ISIN: DE0005156004 WKN: 515600 Listed: Geregelter Markt (Prime Standard) in Frankfurt; Freiverkehr in Berlin- Bremen, München und Stuttgart End of ad hoc announcement (c)DGAP 30.06.2005 302139 Jun 05