Source: EQS Group AG

DGAP-Adhoc: Schaltbau Holding AG reports acquisition of stake in Albatros S.L. and purchase of ALTE Transportation S.L.

Schaltbau Holding AG  / Key word(s): Acquisition

21.04.2014 21:29

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Schaltbau Holding AG reports acquisition of stake in Albatros S.L. and
purchase of ALTE Transportation S.L.

Munich, 21 April 2014 - Today, Schaltbau Holding AG (ISIN DE0007170300)
finalised the takeover of 5.6% of the shares of Albatros S.L., which has
its registered office in Madrid. Moreover, purchase options for further
shares in the company have been agreed upon, enabling Schaltbau to gain a
majority holding in the Spanish manufacturer of railway technology within
the next five years, whereby it is foreseen to achieve 40% already in 2014.

At the same time, as part of an asset deal, Schaltbau Holding AG has
acquired 100% of the business operations of ALTE Transportation S.L.
("ALTE"), Barcelona, a subsidiary of Albatros S.L. which specialises in
toilet systems and air conditioning systems. In 2013, ALTE achieved sales
of EUR 20.0 million with a workforce of about 115 employees. Including the
assumption of guarantees, the purchase price for both companies is in the
low double-digit millions range.

Due to integration costs and other expenditure, the two acquisitions are
unlikely to have a major effect on Group earnings achieved by Schaltbau
Holding AG in 2014. The first-time consolidation of ALTE Transportation
S.L. will result in the Schaltbau Group's total sales rising to around EUR
425 million in 2014. These takeovers will enable the Schaltbau Group to
broaden its range of products and strengthen its presence, both on the
Spanish market and in North and South America.


21.04.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Schaltbau Holding AG
              HollerithstraÃ┬če 5
              81829 München
              Germany
Phone:        089 - 93005 - 209
Fax:          089 - 93005 - 318
E-mail:       bloch@schaltbau.de
Internet:     www.schaltbau.de
ISIN:         DE0007170300, DE000A0D66Z2, 
WKN:          717030, A0D66Z2, 
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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