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Schaltbau Holding AG increases shareholding in Albatros S.L. to 40 per cent
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0 KommentareDGAP-News: Schaltbau Holding AG / Key word(s): Acquisition
Schaltbau Holding AG increases shareholding in Albatros S.L. to 40 per
cent
22.09.2014 / 20:28
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Schaltbau Holding AG increases shareholding in Albatros S.L. to 40 per cent
Munich, 22 September 2014 - At today's meeting, the Executive Board and the
Supervisory Board of Schaltbau Holding AG took the decision to raise
Schaltbau's shareholding in the Spanish company Albatros S.L. from 5.6% to
40% without delay, as previously announced in April. Based in Madrid,
Albatros S.L. develops and distributes high-voltage power converters for
railway vehicles as well as systems for on-board information and
communication. Its products include passenger information and safety
systems as well as multifunctional terminals, but also brake assistance and
energy measurement systems. The activities of Albatros are assigned to the
Mobile Transportation Technology segment and consolidated at equity.
With this expansion, the Schaltbau Group is enlarging its product portfolio
in the field of rolling stock and also strengthening its presence both on
the Spanish market and in South America.
With annual sales of around EUR 425 million and a workforce of more than
2,600 employees, the Schaltbau Group is one of the leading suppliers of
components and systems in the field of transportation technology and the
capital goods industry. The enterprise supplies complete level crossing
systems, shunting and signalling technology, door and boarding systems for
buses, trains and commercial vehicles, toilet modules, air conditioning
units, on-board communications and security systems, industrial braking
systems for container cranes and wind power plants as well as high- and
low-voltage components for railway vehicles and other applications. Its
innovative and customer-oriented products make Schaltbau a key business
partner for a variety of industrial sectors, in particular transportation
technology.
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22.09.2014 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Schaltbau Holding AG
Hollerithstraße 5
81829 München
Germany
Phone: 089 - 93005 - 209
Fax: 089 - 93005 - 318
E-mail: bloch@schaltbau.de
Internet: www.schaltbau.de
ISIN: DE0007170300
WKN: 717030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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287766 22.09.2014
Schaltbau Holding AG increases shareholding in Albatros S.L. to 40 per cent
Munich, 22 September 2014 - At today's meeting, the Executive Board and the
Supervisory Board of Schaltbau Holding AG took the decision to raise
Schaltbau's shareholding in the Spanish company Albatros S.L. from 5.6% to
40% without delay, as previously announced in April. Based in Madrid,
Albatros S.L. develops and distributes high-voltage power converters for
railway vehicles as well as systems for on-board information and
communication. Its products include passenger information and safety
systems as well as multifunctional terminals, but also brake assistance and
energy measurement systems. The activities of Albatros are assigned to the
Mobile Transportation Technology segment and consolidated at equity.
With this expansion, the Schaltbau Group is enlarging its product portfolio
in the field of rolling stock and also strengthening its presence both on
the Spanish market and in South America.
With annual sales of around EUR 425 million and a workforce of more than
2,600 employees, the Schaltbau Group is one of the leading suppliers of
components and systems in the field of transportation technology and the
capital goods industry. The enterprise supplies complete level crossing
systems, shunting and signalling technology, door and boarding systems for
buses, trains and commercial vehicles, toilet modules, air conditioning
units, on-board communications and security systems, industrial braking
systems for container cranes and wind power plants as well as high- and
low-voltage components for railway vehicles and other applications. Its
innovative and customer-oriented products make Schaltbau a key business
partner for a variety of industrial sectors, in particular transportation
technology.
---------------------------------------------------------------------
22.09.2014 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Schaltbau Holding AG
Hollerithstraße 5
81829 München
Germany
Phone: 089 - 93005 - 209
Fax: 089 - 93005 - 318
E-mail: bloch@schaltbau.de
Internet: www.schaltbau.de
ISIN: DE0007170300
WKN: 717030
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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287766 22.09.2014
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