EQS-Adhoc
HÖRMANN Automotive GmbH sells further subsidiary
- HÖRMANN Automotive GmbH sells subsidiary to Rheingold Capital SE.
- The sale is expected to close by the end of October 2023.
- The purchase price and contractual details are not disclosed.
EQS-Ad-hoc: Hörmann Industries GmbH / Key word(s): Strategic Company Decision/Disposal HÖRMANN Automotive GmbH sells further subsidiary |
Kirchseeon, 27 September 2023 - HÖRMANN lndustries GmbH (corporate bond, ISIN: NO0012938325) announces that HÖRMANN Automotive GmbH signed a contract on the sale of 100% of the shares in
HÖRMANN Automotive Eislingen GmbH the previous evening. The sale is to an investment company of Rheingold Capital SE, a group specializing in carve-outs with offices in Germany and the Netherlands.
The Rheingold Capital team has extensive experience in developing industrial companies in specific niches and focuses on long-term investments with a sustainable growth approach.
HÖRMANN Automotive Eislingen GmbH specializes in the production of tanks and containers for buses, agricultural and construction machinery as well as covers and flap systems for buses.
With Rheingold Capital, a new shareholder has been found with the experience and expertise to further develop the company in the challenging environment, to increase value-added efficiency and to
open up new growth opportunities. As a long-term investor, Rheingold Capital attaches great importance to the sustainable development of the company.
The parties have agreed not to disclose the purchase price and the contractual details. The execution of the contract is subject to conditions precedent. The transaction is expected to be closed by
the end of October 2023.
Contact:
HÖRMANN lndustries GmbH
Celina Begolli
Hauptstraße 45-47
D-85614 Kirchseeon
T +49 809156300
F +49 80915630195
presse@hoermann-gruppe.com
End of Inside Information
27-Sep-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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