DGAP-News 644 0 Kommentare Muehlhan AG: Muehlhan Group strengthens its scaffolding business in the Netherlands

DGAP-News: Muehlhan AG / Key word(s): Expansion/Takeover

Muehlhan AG: Muehlhan Group strengthens its scaffolding business in the Netherlands

16.01.2017 / 09:56

The issuer is solely responsible for the content of this announcement.

Muehlhan AG: The Muehlhan Group strengthens its scaffolding business in the Netherlands

Hamburg, 16 January 2017 - Muehlhan AG (Entry Standard; ISIN DE000A0KD0F7) has acquired the business of the medium-sized Dutch scaffolding company Degraform Bekistingen en Steigers BV. The acquisition was part of an asset deal. By providing scaffolding for infrastructure projects, Degraform generates annual sales revenues in the mid-single-digit millions range. The company will be integrated into Muehlhan's Rotterdam scaffolding division, which concentrates on shipyard work. The previous owners will remain with the company and will continue to actively expand the scaffolding business in the Netherlands in the future.

The Degraform acquisition is another step in Muehlhan's strategy to reduce its dependence on the maritime surface-protection business while expanding its work in the Industry/Infrastructure segment. The Group's financial strength and utilization of synergy effects from the integration will help Muehlhan to profitably expand its share of the scaffolding market at its Rotterdam site.

16.01.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language:	English
Company:	Muehlhan AG
	Schlinckstrasse 3
	21107 Hamburg
	Germany
Phone:	+49 40 75271 0
Fax:	+49 40 75271 130
E-mail:	investorrelations@muehlhan.com
Internet:	www.muehlhan.com
ISIN:	DE000A0KD0F7
WKN:	A0KD0F
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market (Entry Standard) in Frankfurt