DGAP-News

AURELIUS Equity Opportunities SE & Co. KGaA: AURELIUS subsidiary Conaxess Trade continues its growth path through acquisition of Swedish Movement Group - Seite 2

"Movement is a perfect addition to our Swedish business. The combined company is a leading player focused on the services to our brand partners and customers with very talented and highly skilled employees. I am convinced that this transaction will further drive sales and distribution for Conaxess in the region and will make us even more successful in the Swedish market," said Uwe Thellmann, CEO of Conaxess Trade.

"I am very excited about this opportunity and look forward to working with the new colleagues to deliver even better services to our existing and new brand partners and customers. We are a perfect match for the services provided to our partners and a business with a stable foundation to deliver, both today and in the future," added Jennifer Friman, CEO of Movement.

The acquisition of Movement, which is still subject to clearance from the competition authorities, is the third add-on acquisition of Conaxess Trade Group since becoming part of AURELIUS in January 2016. The previous acquisitions have been integrated successfully and provide significant value to all of Conaxess Trade's stake holders. The pipeline for further promising add-on acquisitions is well filled.

"At AURELIUS, we follow a very entrepreneurial approach that is designed to build the companies we invest in. Hence add-on acquisitions have always been an essential part of positioning our portfolio companies on successful growth paths and this trend will be even more prevalent going forward. There have been several cases where successful add-on strategies combined with our hands-on operational approach made the difference in increasing value for all stakeholders. Currently we are in advanced negotiations to support the growth strategy of our existing portfolio companies and I am confident that we will see further add-on acquisitions soon," added Matthias Täubl, CEO of AURELIUS Equity Opportunities.
 

ABOUT AURELIUS

AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.

AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of approximately 100 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 26 portfolio companies located across Europe which employ around 13,000 people and generate annual revenues of approx. EUR 3.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges.