07.06.2016
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS acquires Calumet Photographic and Bowens Lighting
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Takeover
AURELIUS acquires Calumet Photographic and Bowens Lighting
07.06.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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AURELIUS acquires Calumet Photographic and Bowens Lighting
Munich/London, 7 June 2016 - AURELIUS (ISIN DE000A0JK2A8), the pan-
European, mid-market investor, today announces the acquisition of Calumet
International Ltd., a holding company comprising both pan-European multi-
channel photography retailer Calumet Photographic ("Calumet") and
professional lighting producer Bowens Lighting ("Bowens"). The company was
bought from Calumet Holdings, Inc. for an undisclosed sum.
Calumet Photographic is a multi-channel retailer of branded and own-label
photography equipment and services with 17 locations across the UK,
Germany, Belgium, and the Netherlands. Calumet's expanding online business
and pan-European network of specialist stores offer a premium purchasing
experience across all channels to a diverse customer base of photography
enthusiasts, professionals, and companies. AURELIUS' investment will allow
Calumet to upgrade current locations, further grow its rental offering, and
open new stores in additional cities.
Bowens Lighting is a leading brand of professional studio and lighting
equipment headquartered in Colchester, UK. Its products are sold in Calumet
stores and by other select specialist distributors, with a new range due to
appear on the market shortly.
In 2015, Calumet and Bowens recorded combined revenues of EUR 110 million.
Commenting on the acquisition, Dirk Markus, CEO of AURELIUS, said: "Calumet
is an exciting company, and one for which AURELIUS' operational specialism
is very well suited. We are delighted about this acquisition and continue
to look for further opportunities with comparable development potential."
Tristan Nagler, Managing Director of AURELIUS in the UK, said: "Calumet's
multi-channel business model combines a strong online offering with an
established bricks-and-mortar presence across Europe. This strategy matches
AURELIUS' pan-European focus and appeals to high-quality camera suppliers,
who increasingly prioritise customer service and expertise among retailers.
We are confident that, by providing the current management team with the
financial and hands-on operational support to implement their development
plan, we can capitalise on the opportunity created by the ongoing growth in
the high-end segment of the photography market."
Christof Bergmann, Managing Director of Calumet Photographic, commented:
"The Calumet team is excited to continue the development of the business
and the roll-out of outstanding photography retailing to more cities and
countries with AURELIUS' support. For some time we have been looking to
grow Calumet in more locations following successful openings of new stores
or refits in London, Stuttgart, Essen, and other European cities, with
particular opportunities for growth in the underserved UK market. The
investment from AURELIUS will provide the financial backing and additional
operational capabilities required to deliver this plan."
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices
in Munich, London, Stockholm and Madrid, AURELIUS acquires participations
with development potential. Once under the AURELIUS umbrella, the
acquisitions are given a long-term strategic orientation in order for them
to fully develop their potential.
Currently, the AURELIUS Group consists of 24 subsidiaries with locations in
Europe, Asia, and the U.S.A. These include numerous traditional consumer
brands, services businesses and a number of industrial enterprises.
Companies are acquired based on strict investment criteria without focusing
on any particular industry. Shares of AURELIUS SE & Co. KGaA are listed in
the m:access segment of the Munich Stock Exchange and are traded on all
German stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
[email protected]
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07.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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