EQS-News

INDUS acquires British company COLSON X-Cel in the future field of measurement and control technology

EQS-News: INDUS Holding AG / Key word(s): Takeover INDUS acquires British company COLSON X-Cel in the future field of measurement and control technology 27.03.2024 / 08:10 CET/CEST The issuer is solely responsible for the content of this announcement. INDUS acquires British company COLSON X-Cel in the future field of measurement and control technology

• Manufacturer of industrial valves for the control and regulation of liquids and gases complements activities of INDUS portfolio company HORNGROUP
• The INDUS Group's internationalisation strategy focuses on local for local manufacturing

Bergisch Gladbach, 27 March 2024 - The listed company INDUS Holding AG is strengthening its Engineering segment with a further add-on acquisition: Pneumatic Components Ltd (PCL), a subsidiary of INDUS portfolio company HORNGROUP, is buying 100% of the shares in COLSON X-Cel Ltd. The British company based in Rotherham, South Yorkshire, develops and produces industrial valves for measurement and control technology; including valves, shut-off units and measuring devices for controlling liquids and gases. With around 40 employees, COLSON generates annual sales of around EUR 7 million. PCL, a provider of pneumatic solutions including analogue and digital tyre pressure monitoring systems, has been part of the HORNGROUP since 2012. With six operating companies at locations in Germany, the UK, the USA, China and India, the HORNGROUP bundles solutions for refuelling and workshop applications.

Axel Meyer, member of the INDUS Board of Management responsible for the Engineering segment: "COLSON complements our portfolio in the technology area of fluid technology very well, which includes the HORNGROUP with its brands FLACO, PCL and TECALEMIT as well as the INDUS subsidiary GSR Ventiltechnik." Increasing automation in sectors such as the energy industry, the chemical industry and the manufacturing industry is driving market growth for products for regulating liquid and gas flows. New opportunities lie in the future field of environmental and energy technology, such as hydrogen applications. In March 2024, INDUS had already acquired the remaining 15% of the US company TECALEMIT Inc. on behalf of the HORNGROUP.