M&A Activity • Oct 31, 2007
M&A Activity
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Corporate | 31 October 2007 08:00
ARQUES will take over operational units in France, Spain and Brazil from the MöllerGroup
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 will take over operational units in France, Spain and Brazil from
the MöllerGroup
Companies to be taken over manufacture plastic components predominantly
for the automobile industry
In 2006 these companies generated revenues of approx. EUR 230 million
with approx. 1,700 employees
Starnberg, October 31, 2007 - ARQUES Industries AG and the MöllerGroup GmbH
& Co. KG, Bielefeld, have agreed on the purchase of operational companies.
Hereby ARQUES takes over individual subsidiary companies of MöllerTech
International GmbH in France as well as in Spain and Brazil. MöllerTech
International is a subsidiary of the MöllerGroup. The units to be taken
over specialise in the development and production of systems, modules as
well as individual components from plastic for automobile interiors. The
signing of the contract is planned for the near future. The transaction is
still subject to the usual reservations (e.g. the approval of the cartel
authorities). In 2006 these companies generated revenues of approx. EUR 230
million with approx. 1,700 employees.
The units affected by the agreed takeover develop and produce innovative
products within the automobile plastics industry. These include, among
other things, storage compartments, seat components, luggage compartment
encasements as well as wheel housing covers. These MöllerGroup companies
have been supplying the international automobile industry, e.g. Renault,
Peugeot and Citroen, since the beginning of the 1980s and are
internationally recognised as reliable development suppliers. Within the
context of the transaction ARQUES acquires seven production plants in
France, Spain and Brazil as well as technology and development centres in
France and Spain. The companies have comprehensive research and development
programmes and have approximately 30 international patents.
Managing partner of the MöllerGroup, Felix von Möller: 'In ARQUES we have
found a competent partner who offers the companies taken over in France,
Spain and Brazil very good prospects, thus guaranteeing the continuous
first tier support of the French automobile manufacturer.'
ARQUES executive board member responsible for acquisitions, Dr. Michael
Schumann: 'The admission of ARQUES Industries AG into the MDAX and the
successfully executed large transactions have led to growing dynamics
within the acquisitions sector. ARQUES is being approached more often
regarding company spin-offs and is considered a turnaround specialist.'
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 MDAX as of October 1, 2007.
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
31.10.2007 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: MDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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