31.05.2013
Einhell Germany AG DE0005654933
DGAP-Adhoc: Einhell Germany AG: Acquisition of Ozito Industries Pty Ltd
Einhell Germany AG / Key word(s): Acquisition
31.05.2013 12:00
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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'Ad hoc announcement according to § 15 WpHG'
Acquisition of Ozito Industries Pty Ltd
Einhell Germany AG (ISIN: DE 0005654933) which is listed under Prime
Standard of Deutsche Börse AG announces the following:
The Einhell Group has decided, upon approval of the supervisory board, to
sign a purchase agreement for the acquisition of 100% of the shares of the
company Ozito Industries Pty Ltd, Bangholme, Victoria, Australia, and its
related business activities. The acquisition of the shares shall be made by
1st July 2013. The closing as at 1st July 2013 depends upon the occurrence
of certain closing conditions. By todays perspective the Board of Directors
acts on the assumption that the conditional assumptions will be met by the
seller.
The fixed purchase price for the acquisition of all shares of Ozito amounts
to about EUR 13 million. In addition a variable purchase price component of
about EUR 20 million was agreed. The amount of the variable purchase price
component depends on achieving results in the next 4 years. The share deal
is cash-free / debt-free and taking into account the working capital.
Ozito is well-known to the consumer and a long established brand in the
price entrance segment at the power tool and garden tool section on the
Australian and New Zealand market. Ozito Industries Pty Ltd distributes
power tools and garden equipment under its own brand 'Ozito' in Australia
and New Zealand and a smaller part also under private brands on other
markets.
Ozito Industries Pty Ltd's financial year (30 June) is different from the
calendar year. Ozito achieved a turnover of approximately EUR 70 million in
the year 2011/2012. The turnover include their related business activities.
By integrating Ozito Industries Pty Ltd into the Einhell Group, Einhell
will be a strong regional provider in the DIY segment in Australia and New
Zealand. The main customer of Ozito Industries Pty Ltd is the expansive DIY
chain Bunnings, which belongs to Wesfarmers Group. With this acquisition a
well-known brand in the Australian market will be acquired; thereby Einhell
gains access to Australia's DIY chain Bunnings, which has about 300 stores.
So Einhell is able to generate considerable additional sales volume in a
growing DIY market and to benefit from the potential yield in the
Australian market.
Landau/Isar, 31 May 2013
The Board of Directors
31.05.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Einhell Germany AG
Wiesenweg 22
94405 Landau/Isar
Germany
Phone: +49 (0)9951-942-166
Fax: +49 (0)9951-942-293
E-mail: [email protected]
Internet: www.einhell.com
ISIN: DE0005654933, DE0005654909
WKN: 565493, 565490
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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