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MBB SE M&A Activity 2019
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M&A Activity
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Corporate | 10 December 2019 14:42
Friedrich Vorwerk completes acquisition of Bohlen & Doyen
DGAP-News: MBB SE / Key word(s): Mergers & Acquisitions/Investment
10.12.2019 / 14:42
The issuer is solely responsible for the content of this announcement.
Friedrich Vorwerk completes acquisition of Bohlen & Doyen
Berlin, 10 December 2019 – Friedrich Vorwerk KG (GmbH & Co.), a subsidiary of MBB SE (ISIN DE000A0ETBQ4), today completed the acquisition of 100% of the shares in Bohlen & Doyen Bau GmbH and Bohlen & Doyen Service & Anlagentechnik GmbH (hereinafter jointly referred to as “Bohlen & Doyen”).
Bohlen & Doyen is a leading provider of pipeline, cable and plant construction for gas and electricity grids. In 2019, the company will generate profitable revenues of more €90 million with 490 employees. Bohlen & Doyen has excellent expertise in horizontal drilling, which is of central importance in the laying of pipes for power lines.
Together with Bohlen & Doyen, Vorwerk will generate annualised revenues of over € 200 million in 2019 with more than 1,200 employees. Thanks to this acquisition, Vorwerk considers itself ideally positioned to capitalise on the German “Energiewende” and the associated billions of investment into the German gas and electricity grids.
MBB together with Bohlen & Doyen now generates consolidated revenues of over € 660 million on an annualised basis with around 3,500 employees. The MBB Group continues to have considerable net liquidity and plans to grow also through acquisitions going forward.
MBB SE
Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
www.mbb.com
Executive Management
Dr Christof Nesemeier (CEO)
Dr Constantin Mang
Klaus Seidel
Chairman of the Board
Gert-Maria Freimuth
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458
10.12.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | MBB SE |
| Joachimsthaler 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.mbb.com |
| ISIN: | DE000A0ETBQ4 |
| WKN: | A0ETBQ |
| Indices: | PXAP |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 932461 |
| End of News | DGAP News Service |