11.03.2015
TAKKT AG DE0007446007
DGAP-News: TAKKT acquires direct marketing specialist for customized printed displays in the USA
DGAP-News: TAKKT AG / Key word(s): Acquisition
TAKKT acquires direct marketing specialist for customized printed
displays in the USA
11.03.2015 / 07:30
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TAKKT acquires direct marketing specialist for customized printed displays
in the USA
Stuttgart, Germany, March 11, 2015. On March 10, the TAKKT Group company
TAKKT America Holding Inc. entered into a purchase agreement for the
acquisition of the Post-Up Stand group of companies based near Cleveland,
Ohio (USA). The Supervisory Board of TAKKT AG has already given its
approval. In 2014, Post-Up Stand generated turnover of approximately USD 16
million and recorded an EBITDA margin of over 15 percent. The new company
will become part of TAKKT AMERICA's Specialties Group (SPG).
Post-Up Stand is a leading and established specialist for customized
printed advertising material, such as retractable banner stands, trade show
displays and advertising banners in the USA. The company has all the
displays available on stock and offers its customers instant printing of
the displays according to their individual specifications. The high
expertise in digital printing allows individualized displays to be shipped
to customers on the same day of placing the order. Sales are generated to a
large extent online. "This acquisition is an ideal addition to our
successful displays business to enhance the Specialties Group", remarks
Felix Zimmermann, CEO of TAKKT AG.
The purchase price that was agreed upon for 100 percent of the shares will
be paid in two installments. An initial purchase price installment of USD
15 million is to be paid upon the closing of the transaction. Another fixed
installment of USD 1.5 million is due in 2018. An additional potential and
variable purchase price component of up to USD 13.5 million depends on the
achievement of the company's performance goals over the next three years
and is also payable in the second quarter of 2018. The previous owners,
Alon Weiner and Ram Tamir, will remain on board after the transaction is
finalized and will continue to be responsible for the management of the
company. "We are excited about joining forces with TAKKT in order to secure
Post-Up Stand's successful path and accelerate our growth", states
co-founder Alon Weiner. TAKKT is financing the acquisition from committed
credit lines. "TAKKT will also have sufficient undrawn credit lines
available for additional acquisitions", says CFO Claude Tomaszewski. The
transaction is expected to be closed on April 1, 2015.
About TAKKT AG
TAKKT is the leading B2B direct marketing specialist for business equipment
in Europe and North America. The Group is represented with its brands in
more than 25 countries. The product range of the TAKKT subsidiaries
comprises more than 200,000 products for the areas of plant and warehouse
equipment, office furniture, transport packaging, display articles,
supplies for retailers, the food service industry and the hotel market.
The TAKKT Group has over 2,000 employees and almost three million customers
worldwide. TAKKT AG is listed on the SDAX and has been in the Deutsche
Boerse Prime Standard.
Contacts:
Giuseppe Palmieri, Tel. +49 711 3465 8250
Dr. Christian Warns, Tel. +49 711 3465 8222
Email: [email protected]
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11.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: TAKKT AG
Presselstr. 12
70191 Stuttgart
Germany
Phone: +49 (0)711 346 58 -0
Fax: +49 (0)711 346 58 - 10
E-mail: [email protected]
Internet: www.takkt.de
ISIN: DE0007446007
WKN: 744600
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich
End of News DGAP News-Service
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