22.12.2016
AURELIUS Equity Opportunities SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS acquires AH Industries
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s):
Takeover
AURELIUS acquires AH Industries
22.12.2016 / 15:15
The issuer is solely responsible for the content of this announcement.
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AURELIUS acquires AH Industries
- A leading supplier of components, modules and systems for the wind-
power, minerals and cement industries
- A technological market leader in all three areas of business
- AURELIUS' presence in Scandinavia continues to pay off
Munich/Stockholm, 22 December 2016 - AURELIUS Equity Opportunities SE & Co.
KGaA (ISIN DE000A0JK2A8) acquires AH Industries from Ratos AB and other
minority shareholders. Headquartered in Ribe (Denmark), AH Industries is a
leading supplier of components, modules and systems for the wind-power,
minerals and cement industries. The company employs 370 people in Denmark
and China. For the business year ending 31 December 2016, AH Industries
expects annual sales exceeding EUR 110 million. The transaction is
scheduled for completion in the first quarter of 2017.
AH Industries operates in three business areas. In its largest segment, the
company produces steel components and modules for onshore and offshore wind
turbines. For these components, the company's unique selling point lies
predominantly in high-precision machining and supply chain management. AH
Industries' second activity is in the procurement and assembling of special
machinery for the cement and minerals sectors. The third business segment
involves the production of handling equipment for wind turbine components
under extreme conditions with a high level of precision.
AH Industries has been defined as a technological leader in the wind-power,
minerals and cement industries for many years and maintains strong and
long-term partnerships with its major clients, including leading European
and Asian wind turbine manufacturers (OEMs). With a highly diversified
product portfolio and production plants in both Denmark and China, combined
with sales offices in the USA, Singapore and Hong Kong, AH Industries is
well positioned on the global market. Over the last few years, the company
has implemented a comprehensive restructuring programme to further enhance
its competitiveness and strategic position. As part of this process, AH
Industries divested its unprofitable tower and foundation business in
Germany and relocated a plant in Denmark. AURELIUS envisages to continue
the strategic improvement measures initiated by AH Industries, and plans to
further expand its strong market position, particularly in the wind turbine
segment. CEO Knud Andersen, along with his management team, have an
established network and long-term experience in the wind-power and steel
industries. "Together with AURELIUS, we look forward to starting a new
chapter in our company history and to continuing to develop AH Industries,"
Andersen said.
"I'm very pleased that we have been able to successfully execute a
transaction in the Nordics today. This showcases that our international
focus is increasingly bearing fruit," said Dr. Dirk Markus, Chairman of the
Executive Board of AURELIUS. "With its technological leadership in Europe,
AH Industries is positioned for outperformance. The company is also active
in a sustainable market, offering significant potential for profitable
growth."
ABOUT AURELIUS
AURELIUS Group is a pan-European asset manager with offices in Munich,
London, Stockholm and Madrid. Over the last ten years AURELIUS has grown
from a local turnaround investor to an international multi-asset manager
investing in a wide range of sectors and across the capital structure.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker
Symbol: AR4) represents the listed entity within the AURELIUS Group that
focusses on investing in Special Situations and MidMarket transaction
opportunities. AURELIUS Equity Opportunities currently has 22 portfolio
companies located across Europe which employ around 23,000 people and
generate annual revenues of approximately EUR3.0 billion. The shares of
AURELIUS Equity Opportunities are traded on all German stock exchanges with
a market capitalisation of c. EUR1.8 billion as of December 2016.
With its group charity AURELIUS Refugee Initiative, AURELIUS provides
comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.com
CONTACT
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]
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22.12.2016 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 Equity Opportunities 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,
Tradegate Exchange; Open Market in Frankfurt
End of News DGAP News Service
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Beteiligungen , A0JK2A , AR4 , HAM:AR4