AI assistant
MBB SE — M&A Activity 2012
Apr 12, 2012
279_rns_2012-04-12_785d1010-fdfa-47cb-a949-0e387dd11e80.html
M&A Activity
Open in viewerOpens in your device viewer
News Details
Ad-hoc | 12 April 2012 11:38
MBB Industries AG: MBB Industries AG successfully completes takeover of CLAAS Fertigungstechnik
MBB Industries AG / Key word(s): Acquisition/Acquisition
12.04.2012 11:38
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
MBB Industries AG successfully completes takeover of CLAAS
Fertigungstechnik
Berlin, 12 April 2012 - MBB Industries AG (ISIN DE000A0ETBQ4), a
family-owned, medium-sized corporation, has successfully completed the
takeover of all the shares in Claas Fertigungstechnik GmbH. The takeover
was subject to conditions precedent, which have now been fulfilled. The
seller was CLAAS KGaA mbH from Harsewinkel, Germany. CLAAS
Fertigungstechnik, which will be operating under the name MBB
Fertigungstechnik in the future, will be included in the consolidated
financial statements of MBB Industries AG from April 2012.
CLAAS Fertigungstechnik reported profitable sales of around EUR100 million
in 2011 and is assuming an increase in its sales in 2012 due to a high
order backlog. The company is a leading international plant construction
firm specialising in welding and assembly systems for the automotive
industry, while also addressing the aviation, solar and wind power, white
goods and toolmaking industries.
As a result of the organic growth of current holdings and the acquisition
of CLAAS Fertigungstechnik, MBB Industries is forecasting a rise in sales
to over EUR200 million in financial year 2012. After earnings per share of
EUR0.51 in 2011, the Managing Board of MBB Industries is also forecasting a
sustainable increase in annual earnings in 2012. Although CLAAS
Fertigungstechnik was the largest acquisition in MBB Industries' history,
the company still has sufficient funding for further growth including
buyouts.
About MBB Industries AG:
MBB Industries AG is a family-owned, medium-sized corporation that has
expanded steadily as a result of organic growth and the acquisition of
other companies since it was founded in 1995. Achieving a long-term
increase in the value of the individual companies and the Group as a whole,
forms the heart of its business model. This business model has been highly
profitable since the outset - substantial growth and sustainable returns
will remain MBB Industries AG's goal in future as well.
Further information on MBB Industries AG can be found on the Internet at
http://www.mbbindustries.com
--
MBB Industries AG
Joachimstaler Str. 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
[email protected]
www.mbbindustries.com
Managing Board with power of representation
Dr. Christof Nesemeier (Chairman), Gert-Maria Freimuth
Supervisory Board
Dr. Peter Niggemann (Chairman), Dr. Jan C. Heitmüller, Dr. Matthias
Rumpelhardt
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HR 97470
12.04.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: MBB Industries AG
Joachimstaler Strasse 34
10719 Berlin
Germany
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: [email protected]
Internet: www.mbbindustries.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service