DGAP-News
SCHULER AG: Schuler acquires leading die manufacturer AWEBA
DGAP-News: SCHULER AG / Key word(s): Takeover
SCHULER AG: Schuler acquires leading die manufacturer AWEBA
13.04.2016 / 17:06
The issuer is solely responsible for the content of this announcement.
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SCHULER AG: Schuler acquires leading die manufacturer AWEBA
13.04.2016 / 17:06
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Schuler acquires leading die manufacturer AWEBA
- Traditional company with high degree of engineering expertise
- Takeover expands and strengthens business field die construction
- Anti-trust approval still pending
Schuler AG, the market leader in forming equipment, is to take over the die
construction specialist AWEBA and thus greatly expand its activities in
this business field. Based in Aue, Germany, the AWEBA Group is one of the
world's leading full-service providers of dies and fixtures. Under the
terms of the purchase agreement, Schuler will acquire a 100 percent stake
in AWEBA Werkzeugbau GmbH Aue.
The transaction is still subject to the approval of the relevant anti-trust
authorities. AWEBA Werkzeugbau GmbH was previously held by private and
institutional investors. The parties have agreed not to disclose any
details about the purchase agreement.
AWEBA was founded in 1882 as "Bernhard Hiltmann Spezialfabrik für Schnitt
und Stanzwerkzeug". The company today supplies international customers in
the automotive and electrical industries, as well as machine and plant
manufacturers. The product portfolio includes forming, cutting,
hydroforming, and die-casting dies, as well as fixtures and a comprehensive
range of services.
In fiscal year 2015, the AWEBA Group generated sales revenue of around EUR
60 million.
Schuler CEO Stefan Klebert commented: "We are delighted to add a
successfully managed company like AWEBA to our Group. With its high level
of expertise in research and development and excellent engineering
know-how, the company is a perfect fit for Schuler. The acquisition is part
of our growth strategy. AWEBA complements our product portfolio in forming
technology in line with market requirements and will expand and strengthen
our existing activities in die construction."
The AWEBA Group employs around 600 people, including almost 200 highly
skilled engineers and toolmakers. The company owns 40 valuable patents in
the field of die manufacturing.
AWEBA CEO Udo Binder stated: "Becoming a member of the Schuler Group opens
up tremendous opportunities for the further expansion of AWEBA. Schuler's
global market standing will enable us to quickly grow our international
presence and enhance our profile as a global system supplier. This gives
AWEBA growth opportunities which would not have been achievable without
Schuler."
The AWEBA takeover is Schuler's second major acquisition in the last twelve
months. Last year, the company acquired a majority stake in the Chinese
press manufacturer Yadon with annual sales of around EUR 110 million.
Contact:
Schuler AG, Hans Obermeier, Press Spokesman, POB 12 22, 73012 Göppingen,
Tel.: + 49 (0)7161/66-1515, Fax: 66-907, e-Mail: pr@schulergroup.com
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13.04.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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453829 13.04.2016
- Traditional company with high degree of engineering expertise
- Takeover expands and strengthens business field die construction
- Anti-trust approval still pending
Schuler AG, the market leader in forming equipment, is to take over the die
construction specialist AWEBA and thus greatly expand its activities in
this business field. Based in Aue, Germany, the AWEBA Group is one of the
world's leading full-service providers of dies and fixtures. Under the
terms of the purchase agreement, Schuler will acquire a 100 percent stake
in AWEBA Werkzeugbau GmbH Aue.
The transaction is still subject to the approval of the relevant anti-trust
authorities. AWEBA Werkzeugbau GmbH was previously held by private and
institutional investors. The parties have agreed not to disclose any
details about the purchase agreement.
AWEBA was founded in 1882 as "Bernhard Hiltmann Spezialfabrik für Schnitt
und Stanzwerkzeug". The company today supplies international customers in
the automotive and electrical industries, as well as machine and plant
manufacturers. The product portfolio includes forming, cutting,
hydroforming, and die-casting dies, as well as fixtures and a comprehensive
range of services.
In fiscal year 2015, the AWEBA Group generated sales revenue of around EUR
60 million.
Schuler CEO Stefan Klebert commented: "We are delighted to add a
successfully managed company like AWEBA to our Group. With its high level
of expertise in research and development and excellent engineering
know-how, the company is a perfect fit for Schuler. The acquisition is part
of our growth strategy. AWEBA complements our product portfolio in forming
technology in line with market requirements and will expand and strengthen
our existing activities in die construction."
The AWEBA Group employs around 600 people, including almost 200 highly
skilled engineers and toolmakers. The company owns 40 valuable patents in
the field of die manufacturing.
AWEBA CEO Udo Binder stated: "Becoming a member of the Schuler Group opens
up tremendous opportunities for the further expansion of AWEBA. Schuler's
global market standing will enable us to quickly grow our international
presence and enhance our profile as a global system supplier. This gives
AWEBA growth opportunities which would not have been achievable without
Schuler."
The AWEBA takeover is Schuler's second major acquisition in the last twelve
months. Last year, the company acquired a majority stake in the Chinese
press manufacturer Yadon with annual sales of around EUR 110 million.
Contact:
Schuler AG, Hans Obermeier, Press Spokesman, POB 12 22, 73012 Göppingen,
Tel.: + 49 (0)7161/66-1515, Fax: 66-907, e-Mail: pr@schulergroup.com
---------------------------------------------------------------------------
13.04.2016 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.
Media archive at www.dgap-medientreff.de and www.dgap.de
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453829 13.04.2016
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