16.08.2016
technotrans AG DE000A0XYGA7
DGAP-News: technotrans AG takeover of gwk, Meinerzhagen
DGAP-News: technotrans AG / Key word(s): Takeover
technotrans AG takeover of gwk, Meinerzhagen
16.08.2016 / 18:22
The issuer is solely responsible for the content of this announcement.
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Press release
Company
- Acquisition of a majority interest of 98 percent
- Substantial synergy potential in the technotrans Group
- Expansion into market for plastics engineering
Sassenberg/Meinerzhagen, August 16, 2016 - technotrans AG is acquiring a
majority interest of 98 percent in the share capital of gwk Gesellschaft
Wärme Kältetechnik mbH. The agreements were announced today, Tuesday. The
purchase price is in the low double-digit millions; it is to be financed
both with equity capital and 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. As a result of this
move, the company is significantly strengthening its position in the
overall market for temperature control solutions.
"With the takeover of gwk, we are accessing further attractive growth areas
and creating substantial synergy potential within the technotrans Group,"
declared Henry Brickenkamp, Chief Executive Officer of technotrans AG. The
company is acquiring a majority interest of 98 percent in the share capital
of gwk from COEO Holding GmbH, which is headquartered in Meinerzhagen. The
parties have agreed not to disclose financial details of the transaction.
This takeover means that technotrans' strategic objective of earning 50
percent of consolidated revenue outside the printing industry in the medium
term has now already been achieved. gwk, based in the Sauerland town of
Meinerzhagen, generated revenue of some EUR 45 million in the past
financial year and has around 380 employees. The company and its
established brand are to retain their independent identity.
"All areas of the group will benefit from the transaction," stressed
Brickenkamp. He added that gwk's portfolio ideally complements the
solutions currently offered by technotrans. The company supplies products
and services for industrial cooling and temperature control. These include
particularly temperature controllers for a variety of applications in
plastics engineering, specifically for the injection moulding process. It
also supplies custom temperature control machines and chillers for machine
manufacturers and users in a wide range of application areas, turnkey
energy-saving industrial cooling plants and products for water treatment
and tool cleaning.
"As part of the technotrans Group, we will be able to access the
international network of sales and service locations and build on our
customer ties to give our competitiveness a further boost," explained
Helmut Gries, Sales and Marketing Director of gwk.
"The scope for further development of our products within the group offers
huge opportunities," added Dr Michael Zaun, Technical Director. The
customers of gwk Gesellschaft Wärme Kältetechnik mbH, founded in 1967,
include leading players in the plastics processing industry, plastic
machine manufacturers, plant engineering companies and also companies from
the automotive, packaging, chemical and food industries.
For further information, visit: http://www.technotrans.de
About technotrans AG:
The technotrans Group produces, sells and modernises applications in the area of liquid technology. These applications include cooling, temperature control, filtration, measuring and metering. With 23 locations, the company based in the Münsterland town of Sassenberg enjoys a presence in all major markets worldwide. The group is organised into the Technology and Services segments. As a manufacturer of peripherals, technotrans is a leading system partner to the printing industry. Through product innovations and targeted acquisitions, the group has moreover steadily moved into new areas such as the laser industry, machine tools, stamping and forming technology, batteries and inverters, as well as medical and scanner technology. At the heart of the corporate strategy is sustained, profit-led growth. technotrans is a stock corporation listed in the Prime Standard (ISIN: DE000A0XYGA7 / WKN: A0X YGA) and employs around 870 people worldwide. The company achieved revenue of EUR 122.8 million in the 2015 financial year. Contact for journalists: Contact for publishers' representatives: Nils Dietrich Sandra Kraft Sputnik GmbH Central Marketing Press and Public Relations technotrans AG Hafenweg 9 Robert-Linnemann-Strasse 17 48155 Münster 48336 Sassenberg Tel.: +49 (0)251 625561-25 Tel.: +49 (0)2583 301-1702 Fax: +49 (0)251 625561-19 Fax: +49 (0)2583 301-1077 [email protected] [email protected] www.sputnik-agentur.de www.technotrans.de--------------------------------------------------------------------------- 16.08.2016 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 --------------------------------------------------------------------------- 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 News DGAP News Service --------------------------------------------------------------------------- 493355 16.08.2016
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