MBB SE / Key word(s): Investment
19.11.2015 13:53
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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MBB SE acquires majority in machine manufacturer Aumann
- Aumann is a leading machine manufacturer for coil winding technology
and e-mobility
- Rapidly growing company with revenue of around EUR 33 million and 160
employees
- Aumann and MBB Fertigungstechnik form machine manufacturing group with
revenue of more than EUR 130 million and 500 employees
- MBB SE forecasting significant revenue and earnings growth in 2016
Berlin, 19 November 2015 - MBB SE (ISIN DE000A0ETBQ4), a family-owned,
medium-sized company, has acquired 75% of shares in the Aumann Group from
its sole managing partner. Aumann is a leading manufacturer of systems for
coil winding of electric motors and for e-mobility. Through the
collaboration of Aumann and MBB Fertigungstechnik, MBB and the managing
partner of the Aumann Group intend to meet the rapid rise in demand for
e-mobility solutions and are forecasting significant growth.
The Aumann Group (www.aumann.com) has experienced strong growth in recent
years, and will generate profitable revenue of around EUR 33 million with
roughly 160 employees in 2015. Founded in 1936, Aumann is a leading
manufacturer of highly automated coil winding systems with locations in
Espelkamp (East Westphalia), Berlin and the US. The company's products are
used in the automotive industry for applications in the field of e-mobility
and electrification of cars. Customers in the area of electric household
appliances and in other industries use Aumann systems to achieve the best
possible energy efficiency of their products. As part of the MBB Group,
Aumann will continue to operate under its current name and at its current
locations under the established management.
Aumann will cooperate with MBB Fertigungstechnik to manage its intended
growth. Together, the companies form a machine manufacturing group with
expertise in coil winding technology, assembly technology, joining
technology, wire enamelling and tooling. The total revenue in machine
manufacturing will amount to EUR 130 million with around 500 qualified
employees working at independent locations in Germany, China and the US.
MBB's equity investment in Aumann constitutes the acquisition of a highly
successful company in an extremely promising market. Like many of MBB's
companies, Aumann also has its roots in East Westphalia.
MBB's forecast for the 2015 financial year remains unchanged with
consolidated revenue of EUR 250 million and earnings per share of more than
EUR 1.75. The annualised revenue level for the MBB Group is now at EUR 285
million. The equity investment in Aumann will contribute to further growth
in MBB's revenue and earnings for the financial year 2016. The parties have
agreed not to disclose the purchase price. MBB financed the investment from
own funds. Even after this acquisition, MBB will have sufficient funding
for further growth, including acquisitions.
About MBB SE:
MBB SE is a family-owned, medium-sized group that has expanded steadily
since it was founded in 1995 through organic growth and the acquisition of
companies. Increasing long-term value of the independent subsidiaries and
the group as a whole is at the heart of its business model which has been
highly profitable from the outset. Substantial growth and sustainable
returns will remain MBB SE's goal in the future as well.
Further information on MBB SE can be found on the Internet at
http://www.mbb.com
---
MBB SE
Joachimsthaler StraÃe 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@mbb.com
www.mbb.com
Executive Management
Dr Christof Nesemeier (CEO)
Anton Breitkopf
Dr Gerrit Karalus
Klaus Seidel
Chairman of the Board
Gert-Maria Freimuth
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458
19.11.2015 The DGAP 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: MBB SE
Joachimsthaler Strasse 34
10719 Berlin
Germany
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: anfrage@mbb.com
Internet: www.mbb.com
ISIN: DE000A0ETBQ4
WKN: A0ETBQ
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: MBB SE acquires majority in machine manufacturer Aumann
| Source: EQS Group AG