21.10.2016
R. Stahl AG DE000A1PHBB5
DGAP-News: R. STAHL AG invests in long-standing South-African sales partner ESACO Pty. Ltd.
DGAP-News: R. Stahl AG / Key word(s): Investment
R. STAHL AG invests in long-standing South-African sales partner ESACO Pty.
Ltd.
21.10.2016 / 11:45
The issuer is solely responsible for the content of this announcement.
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PRESSEINFORMATION / PRESS RELEASE
R. STAHL AG invests in long-standing South-African sales partner
ESACO Pty. Ltd.
Waldenburg, 21 October 2016 - R. STAHL strengthens its global presence with
an investment in South Africa. The objective of the investment is the
development of the African market, with a focus on the sub-Saharan region.
This way, R. STAHL will be able to directly supply those customers that are
already active on the African market. In order to realize this new regional
approach R. STAHL acquired a 35% interest in the long-standing partner the
South-African company ESACO Pty. Ltd.
ESACO Pty. Ltd. is an owner-managed company, headquartered in Linbro Park
near Sandton/ Johannesburg. The company was founded in 1975 and became a
distributor of R. STAHL products right away. Due to the cooperation with
R. STAHL, the product portfolio of ESACO has been expanded by establishing
an extended workbench for explosion protected electrical equipment. This
has allowed ESACO Pty. Ltd. to quickly respond to customers' specifications
and to better cater to South African market requirements. ESACO Pty. Ltd.
has many years of experience in the marketing of explosion-protected
equipment. It is also an ISO 9001 listed company. "For many years, the
employees of ESACO Pty. Ltd. have been familiar with the technical products
and solutions of R. STAHL and they know the requirements of the local
market very well. This expertise allows for an easy access of R. STAHL to
the markets in sub-Saharan Africa. We assume that we will win a lot of
Major projects in this region in the coming years and we already Position
ourselves strategically for future growth", says Bernd Marx, CFO of R.
STAHL AG. Through the investment, the market development in the Region
south of the Sahara, e.g. in Angola, Mozambique, Namibia or Nigeria, will
be particularly intensified. R. STAHL estimates that the sales increase
that can be achieved in this market in the medium term will be EUR 15-20
million.
Over the years, R. STAHL has been very successful in winning large projects
in Africa, the last one being an offshore project in Angola. Due to the
investment, R. STAHL is now present on the African continent as well and
can supply customers locally, especially customers located south of the
Sahara. With the proximity to the African end customers, continued success
will be ensured.
About R. STAHL - www.stahl.de
R. STAHL is the world's leading supplier of electrical and electronic
products and systems for explosion protection. These products and systems
prevent explosions in hazardous areas and contribute to the safety of
people, machines and the environment. The portfolio ranges from products
used in switching/distributing, installing, operating/monitoring, lighting
and signalling/alarming up to automation. Typical customers are the oil &
gas industry, the chemical and pharmaceutical industry and the food
industry. In 2015, global sales amounting to EUR 312.9 million were
generated with 1,894 employees.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard
of Deutsche Boerse (ISIN DE000A1PHBB5).
Contact:
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Bernd Marx (CFO)
Phone: +49 7942 943 1271
Carmen Kulle (Investor Relations)
Phone: +49 7942 943 1395
E-Mail: [email protected]
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21.10.2016 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: R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone: +49 (7942) 943-0
Fax: +49 (7942) 943-4333
E-mail: [email protected]
Internet: www.stahl.de
ISIN: DE000A1PHBB5
WKN: A1PHBB
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Tradegate Exchange
End of News DGAP News Service
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