EQS-News

MAX Automation SE concludes agreement on sale of MA micro Group

EQS-News: MAX Automation SE / Key word(s): Disposal MAX Automation SE concludes agreement on sale of MA micro Group 26.04.2024 / 12:10 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE MAX Automation SE concludes agreement on sale of MA micro Group

• Purchase price of approx. EUR 71.5 million to EUR 76.5 million, subject to 2024 performance
• Closing of the transaction expected in H2 2024
• Proceeds will mainly be used to reduce financial liabilities

Hamburg, 26 April 2024 – MAX Management GmbH, a wholly-owned subsidiary of MAX Automation SE (ISIN DE000A2DA588), an investment company listed in the Prime Standard segment of the Frankfurt Stock Exchange, today has concluded an agreement on the sale of the MA micro Group to Hitachi, Ltd. (TSE:6501), a global Japanese conglomerate. After the acquisition is completed, MA micro automation will join JR Automation Technologies, LLC, a Hitachi group company and a market leader in providing advanced automation solutions and digital technologies in the robotic systems integration business for North America, Europe, and Southeast Asia as a continued effort to expand the company’s global presence. The purchase price for the MA micro Group, consisting of MA micro automation GmbH and its subsidiaries MA Life Science GmbH, Micro Automation LLC, and Micro Automation LLP, amounts to a range of approximately EUR 71.5 million to EUR 76.5 million, subject to 2024 performance of the MA micro Group. The Company intends to use the proceeds from the sale primarily to reduce financial liabilities by partially repaying the syndicated loan.

Guido Mundt, Chairman of the Supervisory Board of MAX Automation SE: “MA micro Group is very well positioned both operationally and financially and has become a leading technology provider with its focus on the MedTech market. The MA micro Group is therefore a good example of the implementation of our strategy to enhance the development and potential of our investments. We are very pleased to have found the ideal partner for a broader positioning of the MA micro Group and are convinced that being part of the Hitachi Group will enable the next phase of growth for the MA micro Group.”