checkAd

    DGAP-News  769  0 Kommentare 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.

    ---------------------------------------------------------------------------

    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:
    Seite 1 von 2


    Diskutieren Sie über die enthaltenen Werte


    EQS Group AG
    0 Follower
    Autor folgen

    Verfasst von EQS Group AG
    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 …