21.06.2016
KION GROUP AG DE000KGX8881
DGAP-Adhoc: KION GROUP AG to acquire Dematic
KION GROUP AG / Key word(s): Takeover
21.06.2016 07:40
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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Ad hoc announcement
pursuant to section 15 of the German Securities Trading Act (WpHG)
Key Word: Takeover
ISIN: DE000KGX8881
Stock exchanges: Frankfurt; Berlin, Düsseldorf, Hamburg, Hannover, München,
Stuttgart; EUREX
Market segment: Regulated market in Frankfurt (Prime Standard); Open market
(Freiverkehr) in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart;
EUREX
KION GROUP AG to acquire Dematic
21 June 2016 - KION GROUP AG ("KION") today has signed a sale and purchase
agreement for the acquisition of Dematic. Dematic is a leading global
supplier of advanced integrated automation technology, software and
services to optimize supply chains. The purchase price payable by KION is
subject to customary purchase price adjustments. After deductions for
certain liabilities, KION expects the purchase price for the shares to
amount to approx. USD 2.1 billion, based on an enterprise value of Dematic
of USD 3.25 billion. The transaction is subject to customary closing
conditions including regulatory approval and is expected to be closed in
the course of the fourth quarter of 2016.
Through the acquisition of Dematic, KION will advance its position as one-
stop-supplier for intelligent supply chain solutions. As a result of the
successful completion of the transaction, KION's global workforce will grow
to approx. 30,000 employees and the revenues for the twelve months through
31 December 2015 will amount to approx. EUR 6.7 billion with a combined
adjusted EBIT margin of approx. 9.4 per cent for this period.
The transaction will be funded initially with a bridge loan facility of EUR
3.0 billion which has been firmly committed by a group of KION's core
relationship banks. KION intends to permanently refinance the bridge loan
through equity, long-term capital markets and bank debt. KION plans to
utilize its currently existing authorized share capital for the equity
issuance.
21.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap.de
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Language: English
Company: KION GROUP AG
Abraham-Lincoln-Str. 21
65189 Wiesbaden
Germany
Phone: +49 (0)611 770-0
Fax: +49 (0)611 770-690
E-mail: [email protected]
Internet: www.kiongroup.com
ISIN: DE000KGX8881
WKN: KGX888
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart; Terminbörse EUREX
End of Announcement DGAP News-Service
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