16.07.2018
EDAG Engineering Group AG CH0303692047
DGAP-News: EDAG Engineering Group AG: EDAG reaches agreement with Zielpuls on essential parameters of an acquisition
DGAP-News: EDAG Engineering Group AG / Key word(s): Mergers & Acquisitions
EDAG Engineering Group AG: EDAG reaches agreement with Zielpuls on essential
parameters of an acquisition
16.07.2018 / 08:30
The issuer is solely responsible for the content of this announcement.
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EDAG Engineering Group AG: EDAG reaches agreement with Zielpuls on essential
parameters of an acquisition
Arbon, July 16, 2018
EDAG, leading independent engineering services provider to the global
automotive industry, and Zielpuls GmbH based in Munich (Zielpuls) reached an
agreement on essential parameters of an acquisition of Zielpuls by EDAG.
Zielpuls is a technology-oriented business consultancy that covers
digitization topics in the automotive industry. Focus of the activities is
on future fields like highly automated driving, connectivity
system-architectures and digitization. Located in Munich, Wolfsburg, Beijing
and Shanghai, about 170 highly specialized employees generate revenues of
about 16 million Euros per year. Zielpuls is one of the companies with the
strongest earnings and growth in the segment.
"With the planned acquisition, EDAG significantly expands its competences in
important growth areas of the automotive development", explains Cosimo De
Carlo, CEO of the EDAG Group. "Zielpuls is an ideal addition of our
Electrics/Electronics portfolio and the digital transformation. I am looking
forward to working together with the innovative and modernly set up company
and would like to welcome our new colleagues to EDAG. "
Thomas Eichelmann, Chairman of the Board of Directors adds: "EDAG has an
optimal strategic fit with Zielpuls. The EDAG Group can expand its offering
of services to consulting-intensive, complementary services. With this step,
the EDAG Group positions itself even stronger as an innovative partner to
the global automotive industry."
"For us, significant growth opportunities in new markets and with new
customers open up through EDAG's worldwide network", explain Markus Frey and
Marc Poppner, Managing Directors of Zielpuls. "Together, we can now offer
our customers comprehensive solutions and consulting. With EDAG, our teams
are now backed by a strong global network.
The parties are currently in exclusive contract negotiations. It is intended
to close the transaction until the end of September.
About EDAG
EDAG is an independent engineering services provider to the global
automotive industry. The company serves leading domestic and international
vehicle OEMs and sophisticated automotive suppliers through a global network
of about 60 sites in major automotive centres of the world.
EDAG offers complementary engineering services across its Vehicle
Engineering, Electrics/Electronics and Production Solutions businesses.
Based on these extensive capabilities, EDAG can support clients across the
entire value chain from the original design idea to product development and
prototype construction all the way to the delivery of turnkey production
systems. As a technology and innovation leader, EDAG also operates
established centres of excellence that design landmark technologies for
future applications in the automotive industry: lightweight construction,
electric mobility, car IT, integral safety and new production technologies.
In financial year 2017, the company generated revenues of EUR 717 million
and an adjusted EBIT of EUR 32.6 million. As at 31 December 2017, 8,404
employees (including apprentices) worked for EDAG in 19 countries.
Contact:
Michaela Bender
Phone: +49 (0) 611- 7375 145
Forward-looking statements
This release contains forward-looking statements. These statements are based
on current estimates and projections of EDAG Executive Board and currently
available information. They are not guarantees of future performance,
involve certain risks and uncertainties that are difficult to predict, and
are based upon assumptions as to future events that may not be accurate.
Many factors could cause the actual results, performance or achievements of
EDAG to be materially different from those that may be expressed or implied
by such statements. EDAG does not assume any obligation to update the
forward-looking statements contained in this release.
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16.07.2018 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: EDAG Engineering Group AG
Schlossgasse 2
9320 Arbon
Switzerland
Phone: +41 71 54433-0
E-mail: [email protected]
Internet: www.edag.com
ISIN: CH0303692047
WKN: A143NB
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of News DGAP News Service
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704489 16.07.2018
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