16.08.2016
technotrans AG DE000A0XYGA7
DGAP-Adhoc: technotrans Group takeover of Meinerzhagen firm gwk
technotrans AG / Key word(s): Takeover
16.08.2016 18:12
Disclosure of an inside information according to Article 17 MAR,
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 information in accordance with Section 15 of German WpHG
issued by technotrans AG (ISIN: DE000A0XYGA7)
Sassenberg, August 16, 2016 - technotrans AG is acquiring a majority
interest of 98 % in the share capital of gwk Gesellschaft Wärme
Kältetechnik mbH, Meinerzhagen. The agreements were announced today,
Tuesday. The purchase price is in the low double-digit millions; it is to
be financed partly with equity capital and partly with borrowed capital.
The transaction is due to be completed in the coming weeks. Through the
acquisition, technotrans AG is stepping up its activities in the plastics
area.
One result is that the company will rank alongside the leading providers of
temperature control solutions in that market. The customers of gwk
Gesellschaft Wärme Kältetechnik mbH include all leading players in the
plastics processing industry, among them plastic machine manufacturers and
mechanical engineering companies, as well as companies from the automotive,
packaging, chemical and food industries. gwk gwk Gesellschaft Wärme
Kältetechnik mbH generated revenue of some EUR 45 million in the 2015
financial year and has around 380 employees.
The full press release is available on the internet at www.technotrans.de
Contact: technotrans AG, Investor Relations, Katharina Arens, tel. +49 (0)2
5 83301-1890, email: [email protected]
End of ad hoc information
16.08.2016 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: technotrans AG
Robert-Linnemann-Str. 17
48336 Sassenberg
Germany
Phone: +49 (0)2583 - 301 - 1000
Fax: +49 (0)2583 - 301 - 1030
E-mail: [email protected]
Internet: http://www.technotrans.de
ISIN: DE000A0XYGA7
WKN: A0XYGA
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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