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Ackermans & van Haaren NV — M&A Activity 2011
Aug 5, 2011
3903_iss_2011-08-05_d57d5870-96d2-4a81-a123-d5253665cc13.pdf
M&A Activity
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VAN HAAREN ACKERMANS
PRESS
Antwerp, August 5th, 2011
(Regulated information within the meaning of the Royal Decree of 14 November 2007)
Securitas acquires the Belgian security services company Cobelguard
The shareholders D&S Holding (including AvH holding 39,6%) have reached an agreement in principle to sell its security services businesses (comprising the guarding business of Cobelguard NV and newly created monitoring centre Be-Marc Cvba) to Securitas, one of the leading players on the Belgian security services market.
Both groups are quite complementary in terms of their geographic coverage and respective client focus, allowing Cobelguard in the future to take advantage of the international scope and full service offering of the Securitas group.
The D&S Holding/Cobelguard group realised over 2010 a turnover of almost 59 million euros and an operational result of 4.3 million euros. Cobelguard employs more than 1,600 security agents in Belgium & Luxemburg, and thereby represents a 12% market share.
The recently started CIT valuables transport business will not be sold to Securitas, and further developed by the current shareholders of D&S Holding.
It is expected that upon closing of the transaction Steven Van Doorne will be appointed COO of the combined entity, and that Dirk Goethals will support the integration as board member, whilst Stefan De Bock will take care of the day-to-day management of the CIT business.
As the transaction is still subject to the clearance by the Belgian competition authorities (expected before year-end 2011) no further financial details of the transaction will as yet be provided. If the transaction were to be completed as planned, AvH would record a limited capital gain in its consolidated accounts.
Ackermans & van Haaren is a diversified group active in 5 key sectors: contracting, dredging and concessions (DEME, one of the largest dredging companies in the world - Algemene Aannemingen Van Laere, a leading contractor in Belgium), real estate and related services (Leasinvest Real Estate, a listed real-estate investment trust - Extensa, an important land and real estate developer focused on Belgium, Luxemburg and Central Europe), private banking (Delen -Private Bank, one of the largest independent private asset managers in Belgium - Bank J.Van Breda & C°, niche bank for entrepreneurs and liberal professions), private equity (Sofinim, one of the largest private equity providers in Belgium, and GIB) and a recent development in energy and materials. The AvH group represented in 2010, through its share in the participations, a revenue of 2.8 billion euros and employs approximately 17,000 people. The group concentrates on a limited number of strategic participations with an important potential for growth. The AvH share is part of the BEL20 index, the Private Equity NXT index of Euronext Brussels and the European DJ Stoxx 600.
Website
All press releases issued by AvH and its most important group companies as well as the 'Investor Presentation' can also be consulted on the AvH website: www.avh.be. Anyone who is interested to receive the press releases via email has to register to this website, under the 'News' section. The annual report 2010 can also be consulted and downloaded from the website www.avh2010.be.
For further information please contact: Jan Suykens / Piet Dejonghe Member Executive Committee Ackermans & van Haaren NV Tel: +32.3.897.92.36
Stefan De Bock Managing Director Cobelguard NV Tel: +32.51.63.80.42
Begijnenvest 113 B-2000 Antwerpen
Antwerpen be 0404 616 494
+32 3 231 87 70 | [email protected] $-12323252533$ www.avh.be
e-mail: [email protected]
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e-mail: [email protected]