DGAP-News

​​​​​​​HÖRMANN Industries GmbH sells subsidiary HÖRMANN Kommunikation & Netze GmbH to group-owned Funkwerk AG

DGAP-News: Hörmann Industries GmbH / Key word(s): Miscellaneous ​​​​​​​HÖRMANN Industries GmbH sells subsidiary HÖRMANN Kommunikation & Netze GmbH to group-owned Funkwerk AG 25.07.2022 / 14:00 The issuer is solely responsible for the content of this announcement. HÖRMANN Industries GmbH sells subsidiary HÖRMANN Kommunikation & Netze GmbH to group-owned Funkwerk AG

• HÖRMANN bundles competences and strengthens infrastructure, service and railway business within the Funkwerk Group
• Sale has no impact on the forecast for the current financial year 2022, the balance sheet, and the key financial figures due to the full consolidation of Funkwerk AG

 Kirchseeon, 25 July 2022 - HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH) is selling its subsidiary HÖRMANN Kommunikation & Netze GmbH (HÖRMANN KN) to the group-owned and listed Funkwerk AG (WKN: 575314) with effect as of 1 January 2022.

HÖRMANN KN, a technical service provider in the fields of communications technology, equipment for public infrastructures and the railway industry, pipeline construction, energy systems, and maintenance and service, acts as a full-service partner to many well-known customers and employs around 200 people. The company's products and services thus expand the service portfolio of Funkwerk AG - one of the technologically leading providers of innovative communication, information and security systems - especially for customers in the fields of railway technology and critical infrastructures, where both companies have extensive overlaps. Both companies have already been working together successfully for many years in the expansion of infrastructure that is important for the railway industry, with HÖRMANN KN taking on the installation of Funkwerk products in many cases.

With the sale, the HÖRMANN Group bundles the competences of the infrastructure and railway business within Funkwerk AG and creates the basis for serving more complex tenders in the future with bundled installation and service capacities with a large regional reach in Germany, which require installation and customer-specific full-service concepts with very short response times in addition to the pure supply of products. HÖRMANN assumes that the demand for such complex requests will increase.