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SLEEPZ AG — M&A Activity 2011
Mar 14, 2011
5817_rns_2011-03-14_b8becb96-90af-4019-a0fe-13b30e35123d.html
M&A Activity
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Corporate | 14 March 2011 10:30
bmp AG: ergoTrade sold to the Sims Group
bmp AG / Key word(s): Miscellaneous
14.03.2011 / 10:30
bmp AG: ergoTrade sold to the Sims Group
Berlin, 14 March 2011
bmp AG (ISIN DE0003304200) has sold its 49.99% stake in ergoTrade AG, Schwaig/Munich, as part of a 100% acquisition by Sims Group German Holdings GmbH, a subsidiary of Sims Metal Management Ltd., at a profit.
Sims Metal Management is the world's leading recycler of iron and steel scrap and its division Sims Recycling Solutions is the world's largest recycler of electrical and electronic waste. With this acquisition, Sims is expanding its activities to asset management while reinforcing its position in Germany and entering a new market with Hungary.
bmp was a lead investor that co-founded ergoTrade in October 2000, making it into one of the top IT remarketing and life cycle management services in Germany and Hungary. The parties have agreed not to disclose the purchase price, which was paid fully in cash. The sale is subject to the approval of the German anti-trust authorities.
'We are proud to have found a strong, international partner for ergoTrade AG in the Sims Group, which will provide the company with professional expertise for its further expansion and internationalisation,' says Oliver Borrmann, CEO of bmp AG.
'With ergoTrade we are significantly reinforcing our market presence in Germany – ergoTrade is a renowned, strong partner. This brings us a major step closer to our goal of becoming the market leader in Germany for IT life cycle services. We have now created a solid foundation for our further European expansion,' says Marc Faller, Director of Business Development at Sims.
About bmp:
bmp Aktiengesellschaft (ISIN DE0003304200) invests its own funds in innovative growth companies from the industries of media, entertainment and marketing services, primarily in Germany and Poland. Since March 2010, bmp has also managed the state of Brandenburg's BFB Frühpasenfonds, with a volume of EUR 20 million.
bmp offers its participating interests extensive know-how as a financing partner and business developer for growth companies. Thanks to its experience with more than 100 own shareholdings, 14 IPOs and more than 30 trade sales from the portfolio, bmp is among the most highly skilled venture capital investors in Germany and Poland.
For more information, please contact:
Corinna Riewe
Investor Relations
Tel: 030-20 30 5-567
Fax: 030-20 30 5-555
Email: [email protected]
bmp AG
Schlüterstraße 38
10629 Berlin
Internet: www.bmp.com
This Corporate News is neither an offer nor a request to submit an offer for the sale of securities – specifically not in the US or other countries or jurisdictions in which an offer or request to submit an offer for the purchase or sale would be illegal without prior registration or permission under the relevant securities guidelines.
This Corporate News is neither an offer to sell registered bearer shares nor a request to submit an offer to buy the registered shares; it is merely for information purposes.
End of Corporate News
14.03.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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| Language: | English |
| Company: | bmp AG |
| Schlüterstraße 38 | |
| 10629 Berlin | |
| Deutschland | |
| Phone: | +49 (0)30 20 305-0 |
| Fax: | +49 (0)30 20 305-555 |
| E-mail: | [email protected] |
| Internet: | www.bmp.com |
| ISIN: | DE0003304200 |
| WKN: | 330420 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart; Warschau |
| End of News | DGAP News-Service |
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| 115374 14.03.2011 |