02.07.2015
TAKKT AG DE0007446007
DGAP-News: TAKKT AG: TAKKT acquires leading online direct-marketing specialist for business equipment in the UK
DGAP-News: TAKKT AG / Key word(s): Acquisition
TAKKT AG: TAKKT acquires leading online direct-marketing specialist
for business equipment in the UK
02.07.2015 / 16:31
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TAKKT acquires leading online direct-marketing specialist for business
equipment in the UK
Stuttgart, Germany, July 2, 2015. Today, the TAKKT Group company
KAISER+KRAFT EUROPA GmbH has acquired 100 per cent of the shares of BiGDUG
Ltd., a company headquartered in Gloucester (UK). KAISER+KRAFT EUROPA had
entered into a share purchase agreement on 18 June 2015 which was subject
to the approval of the Supervisory Board of TAKKT AG, which was given
today. In the financial year 2014/2015, BiGDUG generated turnover of
approximately £ 19 million and an EBITDA margin in the middle of the TAKKT
target corridor of 12 to 15 per cent. BiGDUG will become a part of TAKKT
EUROPE's Business Equipment Group.
BiGDUG is a leading and established specialist in the online sale of
business equipment, with an emphasis on racking and shelving products and
storage solutions with over 250,000 customers in the UK. The company sells
over 20,000 products, predominately online via its main website
www.bigdug.co.uk. "The acquisition of BiGDUG is an important milestone in
our portfolio strategy to further strengthen our online activities and is
therefore an ideal addition to our current businesses", commented Felix
Zimmermann, CEO of TAKKT AG.
BiGDUG has been able to build a loyal customer base in the UK with
innovative marketing campaigns and a target group-oriented product range.
"Since its foundation in 2004 BiGDUG has enjoyed very strong and profitable
growth," added Claude Tomaszewski, CFO of TAKKT AG.
The purchasing price for the shares on a cash-free debt-free basis of £ 19
million was paid in cash upon completion of the transaction. In addition, a
further potential and variable purchase price component (earn out) of up to
£ 6.3 million was agreed. This earn out depends on the achievement of
certain agreed performance goals over the next three years and would be
payable in 2018.
The previous owners, Doug Nourse and Jon Powell, will continue to be
responsible for the future development of the company after completion of
the transaction. "We're excited to have found such an ideal purchaser as
TAKKT for BiGDUG, and they will help facilitate our further growth to make
BiGDUG even bigger," said co-founder Doug Nourse.
BiGDUG will be included in the TAKKT Group figures starting July 2, 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,
equipment for retailers, the food service industry and the hotel market.
The TAKKT Group has over 2,000 employees and just under three million
customers worldwide. The company is listed on the SDAX and the Deutsche
Boerse Prime Standard.
Contacts:
Dr. Christian Warns, Tel. +49 711 3465 8222
Giuseppe Palmieri, Tel. +49 711 3465 8250
Email: [email protected]
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02.07.2015 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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374801 02.07.2015
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