29.06.2016
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS acquires leading provider of employability and rehabilitation services Working Links
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Takeover
AURELIUS acquires leading provider of employability and rehabilitation
services Working Links
29.06.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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AURELIUS acquires leading provider of employability and rehabilitation
services Working Links
- Operations in the UK, the Republic of Ireland, and the Middle East
- Annual revenues of around EUR 160m in 2015
- Already three acquisitions in the second quarter of 2016
- No negative effects expected due to Brexit
Munich/London, 29 June 2016 - The AURELIUS Group (ISIN DE000A0JK2A8) has
acquired Working Links, a leading provider of welfare and rehabilitation
services with operations in the UK, the Republic of Ireland, and the Middle
East. In the 2015 financial year, Working Links recorded revenues of around
EUR 160m. The acquisition was made for an undisclosed sum.
Working Links delivers employability consulting and rehabilitation services
across three markets: The aim of the employability services is to improve
living conditions through employment, training, and personal skills
development. The rehabilitation services aim to reduce reoffending and thus
protect the public. The international specialist services include
employability consulting services for domestic workers in Saudi Arabia and
Kuwait, and also delivery of Job Path, the Irish Government's flagship
programme to support bringing long-term unemployed people back to work in
six regions of the Republic of Ireland. This contract with the Irish
Department for Social Protection (DSP) is delivered by Working Links in a
50-50 joint venture with FRS Recruitment Services, the Irish national
recruitment agency with 35 years of experience in providing career advice.
Since its founding in 2000, Working Links has delivered on more than 200
government contracts and programmes, helping over 350,000 people to return
to employment and social inclusion.
Phil Andrew, Chief Executive of Working Links: "Today marks an exciting new
chapter in the history of Working Links. The long-term investment from
AURELIUS will enable the organisation to accelerate its growth and
transformation plans and to continue to provide best-in-class services for
socially excluded people."
"The timing of this investment may seem surprising to some audiences
directly following the UK's decision to leave the European Union. However,
AURELIUS has always sought investment in complex situations, including
turbulent macroeconomic backdrops which often create interesting investment
opportunities that fit with our investment model", said Dr. Dirk Markus,
CEO of AURELIUS. "We do not expect detrimental consequences for Working
Links due to Great Britain's upcoming exit from the EU, nor do we expect
consequences from Brexit to negatively affect the AURELIUS Group."
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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29.06.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: AURELIUS SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Germany
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail: [email protected]
Internet: www.aureliusinvest.de
ISIN: DE000A0JK2A8
WKN: A0JK2A
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt
End of News DGAP News Service
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