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KWS SAAT SE & Co. KGaA
M&A Activity • Jun 19, 2019
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M&A Activity
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Ad-hoc | 19 June 2019 08:23
KWS SAAT SE: Entry into the vegetable seeds business: KWS acquires Pop Vriend Seeds
KWS SAAT SE / Key word(s): Mergers & Acquisitions
KWS SAAT SE: Entry into the vegetable seeds business: KWS acquires Pop Vriend Seeds
19-Jun-2019 / 08:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information acc. to Art. 17 MAR
KWS SAAT SE (ISIN DE0007074007)
Entry into the vegetable seeds business: KWS acquires Pop Vriend Seeds
Einbeck, June 19, 2019. Today KWS SAAT SE entered into a definitive agreement for the purchase of the vegetable seeds business operating under the ‘Pop Vriend Seeds’ brand. Pop Vriend Seeds is a family-owned, worldwide operating seeds breeding company for spinach, beans, red beet, and Swiss chard with headquarters in Andijk/NL. Under the “Pop Vriend Seeds” brand, the company sells vegetable seeds in over 100 countries. The agreed purchase price equals approx. 20% of the current market capitalisation of KWS SAAT SE.
Founded in 1956, the fast-growing company Pop Vriend Seeds generated revenues of around EUR 75 million in the 2017/2018 financial year with above-average profitability. The acquisition will strengthen KWS’s future revenues and earnings growth and contribute to the achievement of its strategic goals.
The Executive Board
Notifying person:
Peter Vogt
Head of Investor Relations
Tel.: +49-30-209136-217
KWS SAAT SE
www.kws.de
19-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | KWS SAAT SE |
| Grimsehlstraße 31 | |
| 37555 Einbeck | |
| Germany | |
| Phone: | +49 (0)5561 311-0 |
| Fax: | +49 (0)5561 311-322 |
| E-mail: | [email protected] |
| Internet: | www.kws.de |
| ISIN: | DE0007074007 |
| WKN: | 707400 |
| Indices: | S-DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 827109 |
| End of Announcement | DGAP News Service |