EQS-Adhoc

Hörmann Industries GmbH: Completion of the sale of HÖRMANN Automotive Wackersdorf GmbH by purchaser not fulfilled

EQS-Ad-hoc: Hörmann Industries GmbH / Key word(s): Disposal Hörmann Industries GmbH: Completion of the sale of HÖRMANN Automotive Wackersdorf GmbH by purchaser not fulfilled 25-Oct-2023 / 17:51 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Completion of the sale of HÖRMANN Automotive Wackersdorf GmbH by purchaser not fulfilled

Kirchseeon, 25 October 2023 - HÖRMANN lndustries GmbH (corporate bond, ISIN: NO0012938325) announces that the purchase agreement signed at the beginning of August 2023 between HÖRMANN Automotive GmbH and Swiss ncdh Group AG for the sale of 100% of the shares in HÖRMANN Automotive Wackersdorf GmbH has not been executed, as the purchaser has not paid the contractually agreed purchase price without giving any reasons.

HÖRMANN Automotive GmbH has now declared a rescission of the purchase agreement and has withdrawn from the purchase agreement. Prior to this, HÖRMANN Automotive GmbH made intensive attempts to obtain fulfilment of the closing obligations by ncdh Group AG, in particular payment of the purchase price. These efforts have now finally failed.

HÖRMANN Industries GmbH and HÖRMANN Automotive GmbH are currently examining alternative strategic options with regard to HÖRMANN Automotive Wackersdorf GmbH. These include both the continuation of the subsidiary under the umbrella of HÖRMANN Automotive GmbH in connection with a dynamic acquisition of new orders as well as the search for a reliable new acquirer with high order potential. Responsible and sustainable dealings with employees as well as customers and suppliers have the highest priority in the further decision-making process, which HÖRMANN expects to take place only in the course of 2024.

 

Contact:

HÖRMANN lndustries GmbH
Celina Begolli
Hauptstraße 45-47
D-85614 Kirchseeon
T [phone]
F [phone]
[e-mail]

 

Financial and business press:

IR.on AG
Frederic Hilke
T [phone]
[e-mail]

 

End of Inside Information

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25-Oct-2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	Hörmann Industries GmbH
	Hauptstr. 45-47
	85614 Kirchseeon
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.hoermann-gruppe.com
ISIN:	DE000A2AAZG8
WKN:	A2AAZG
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1757465

End of Announcement	EQS News Service

1757465  25-Oct-2023 CET/CEST