DGAP-Adhoc Einhell Germany AG: Acquisition of kwb tools GmbH & Co. KG

    Nachrichtenquelle: EQS Group AG
     |  02.05.2012, 19:12  |  404 Aufrufe  |   | 


    Einhell Germany AG  / Key word(s): Acquisition

    02.05.2012 19:12

    Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
    by DGAP - a company of EquityStory AG.
    The issuer is solely responsible for the content of this announcement.




    ´Ad hoc announcement according to § 15 WpHG´

    Acquisition of kwb tools GmbH & Co. KG

    Einhell Germany AG (ISIN: DE 0005654933) which is listed under Prime
    Standard of Deutsche Börse AG announces the following:

    The Einhell Group has today, the 02 May 2012, upon approval by the
    supervisory board taken over the company kwb tools GmbH & Co. KG. Depending
    on the payment of the purchase price, the transaction should be finished
    till the middle of May 2012.

    Kwb tools is an internationally operating company based in Stuhr, near to
    Bremen and is one of the leading European providers of a system of power
    tool accessories and hand tools.

    The completion of the product range with accessories represents an
    important milestone on the way to the establishment of Einhell as A brand.

    Kwb tools generates yearly revenues of EUR 25-30 million. The outcome of
    this is for the proportionately business year May till December 2012 a
    sales contribution of around EUR 15-20 million out of the operational
    business.

    With the integration of kwb tools in the Group, Einhell is able to offer
    worldwide a completed assortment of accessories by its sales companies. For
    this reason, Einhell is able to generate an additional sales volume above
    its core business.

    Landau/Isar, 02 May 2012

    The Board of Directors

    02.05.2012 DGAP´s Distribution Services include Regulatory Announcements,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de




    Language:     English
    Company:      Einhell Germany AG
                  Wiesenweg 22
                  94405 Landau/Isar
                  Germany
    Phone:        +49 (0)9951-942-166
    Fax:          +49 (0)9951-942-293
    E-mail:       helmut.angermeier@einhell.com
    Internet:     www.einhell.com
    ISIN:         DE0005654933, DE0005654909
    WKN:          565493, 565490
    Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
                  in Berlin, Düsseldorf, Hamburg, München, Stuttgart

    End of Announcement                             DGAP News-Service





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