DGAP-News
Stabilus S.A. successfully completes acquisition of SKF Group entities ACE, Hahn Gasfedern and Fabreeka/Tech Products
DGAP-News: Stabilus S.A. / Key word(s): Acquisition
Stabilus S.A. successfully completes acquisition of SKF Group entities ACE,
Hahn Gasfedern and Fabreeka/Tech Products
30.06.2016 / 20:10
The issuer is solely responsible for the content of this announcement.
Stabilus S.A. successfully completes acquisition of SKF Group entities ACE,
Hahn Gasfedern and Fabreeka/Tech Products
30.06.2016 / 20:10
The issuer is solely responsible for the content of this announcement.
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CORPORATE NEWS
Stabilus S. A. successfully completes acquisition of SKF Group entities
ACE, Hahn Gasfedern and Fabreeka/Tech Products
- Transaction strengthens Stabilus' industrial business unit by expanding
its portfolio and tapping new customer groups
- Positive effect on adjusted EBIT-margin and earnings per share expected
Luxembourg/Koblenz, June 30, 2016 - Stabilus S.A. (ISIN: LU1066226637,
"Stabilus") has successfully closed the acquisition of the SKF Group
entities ACE, Hahn Gasfedern and Fabreeka/Tech Products. The acquisition
has been cleared by antitrust authorities without conditions and has
therefore been implemented as planned. Stabilus expects the transaction to
have a positive effect on its adjusted EBIT-margin and earnings per share.
ACE, Hahn Gasfedern and Fabreeka/Tech Products are established industrial
suppliers in the fields of motion control, damping and vibration control
for a broad spectrum of clients in numerous fast-growing industry segments,
such as automation technology, plant and machine engineering, commercial
and rail vehicle manufacture as well as medical technology. The companies,
which employ a total of around 550 people worldwide, have distinctive
competences in specifically customized applications for medium to small lot
sizes. They generated consolidated revenues of approx. USD 120 million for
the financial year 2015. With the acquisition, Stabilus expands its product
portfolio in the industrial sector and taps new customer groups.
Dietmar Siemssen, CEO of Stabilus S.A., said: "We welcome the employees as
well as the customers of ACE, Hahn Gasfedern and Fabreeka/Tech Products in
our Stabilus family. We're convinced that the companies will continue their
thriving development under the roof of Stabilus, strongly complementing our
product portfolio in the industrial sector. This acquisition marks an
important step for Stabilus to further expand our position as a global
provider of motion control solutions. Through joint research, technology
and development activities as well as knowledge sharing and the development
of new markets, we will be in a position to significantly broaden the
offering of solutions in the industry sector for our existing and new
customers."
CORPORATE NEWS
Stabilus S. A. successfully completes acquisition of SKF Group entities
ACE, Hahn Gasfedern and Fabreeka/Tech Products
- Transaction strengthens Stabilus' industrial business unit by expanding
its portfolio and tapping new customer groups
- Positive effect on adjusted EBIT-margin and earnings per share expected
Luxembourg/Koblenz, June 30, 2016 - Stabilus S.A. (ISIN: LU1066226637,
"Stabilus") has successfully closed the acquisition of the SKF Group
entities ACE, Hahn Gasfedern and Fabreeka/Tech Products. The acquisition
has been cleared by antitrust authorities without conditions and has
therefore been implemented as planned. Stabilus expects the transaction to
have a positive effect on its adjusted EBIT-margin and earnings per share.
ACE, Hahn Gasfedern and Fabreeka/Tech Products are established industrial
suppliers in the fields of motion control, damping and vibration control
for a broad spectrum of clients in numerous fast-growing industry segments,
such as automation technology, plant and machine engineering, commercial
and rail vehicle manufacture as well as medical technology. The companies,
which employ a total of around 550 people worldwide, have distinctive
competences in specifically customized applications for medium to small lot
sizes. They generated consolidated revenues of approx. USD 120 million for
the financial year 2015. With the acquisition, Stabilus expands its product
portfolio in the industrial sector and taps new customer groups.
Dietmar Siemssen, CEO of Stabilus S.A., said: "We welcome the employees as
well as the customers of ACE, Hahn Gasfedern and Fabreeka/Tech Products in
our Stabilus family. We're convinced that the companies will continue their
thriving development under the roof of Stabilus, strongly complementing our
product portfolio in the industrial sector. This acquisition marks an
important step for Stabilus to further expand our position as a global
provider of motion control solutions. Through joint research, technology
and development activities as well as knowledge sharing and the development
of new markets, we will be in a position to significantly broaden the
offering of solutions in the industry sector for our existing and new
customers."
Press contact: Investor Relations contact:
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