DGAP-News

UMT AG launches realignment to become value-oriented 'TechnologyHouse' and acquires BUCHBERGER Group - Seite 2

With the complete takeover of Buchberger Baugeraete Handel GmbH and Buchberger Baumaschinen Vermietung und Service GmbH (the "BUCHBERGER Group") based in Ingolstadt, Germany, UMT is taking the first step in its newly defined "buy and build" strategy. The acquisition is being made as part of a capital increase through contributions in kind, excluding subscription rights, by issuing 2,937,500 new shares at a price of EUR 8.00.

As a so-called "full-range supplier", the BUCHBERGER Group (www.buchbergergmbh.de) has been a competent partner with state-of-the-art technology for all topics relating to building construction and civil engineering as well as gardening and landscaping for over 50 years. The entire BUCHBERGER Group generated revenues of around EUR 20 million in 2020, with EBITDA of approximately EUR 3.5 million. The acquisition is an important building block in the strategic realignment of UMT AG and ideal-typical for its future focus. The BUCHBERGER Group has been established in the market for many years, still operates predominantly "analog" and runs a profitable business with solid growth rates, minimal leverage and predictable cash flows. Despite its very good positioning in a highly fragmented market, the company still operates largely with traditional face-to-face or stationary sales. This and the simultaneous high consolidation potential in the fragmented construction industry and the associated trade offer great opportunities for UMT to use the digitization expertise it has built up over many years to add value.

The increased importance of this expertise at UMT AG is also reflected in the addition of Dr. Juergen Schulz to the Board of Management. Dr. Schulz will contribute his experience as Managing Director of UMT subsidiary UMS United Mobile Services GmbH and will be responsible for the technology and digitization area on the Board of Management in the future.

In the digitization projects already underway within the BUCHBERGER Group, UMT is placing smartphone and web applications at the center of a completely new type of user experience that encompasses all steps from selection and payment to use and return of the product. "BUCHBERGER can thus make its portfolio accessible to a much larger audience and participate in the trend towards distance and online selling," says a delighted Dr. Juergen Schulz, who is responsible for the project as the new member of the Board of Management and CTO of UMT AG.