MBB : subsidiary Aumann AG acquires automation specialist USK and modifies the forecast for the year 2017
October 18, 2017 at 06:45 am EDT
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DGAP-Ad-hoc: MBB SE / Key word(s): Takeover/Change in Forecast
MBB SE subsidiary Aumann AG acquires automation specialist USK and modifies the forecast for the year 2017
18-Oct-2017 / 12:40 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Disclosure of an inside information acc. to Article 17 MAR
MBB SE subsidiary Aumann AG acquires automation specialist USK and modifies the forecast for the year 2017
Berlin, 18 October 2017 - Aumann AG, a 53.6% subsidiary of MBB SE (ISIN DE000A0ETBQ4), has announced the acquisition of 100% of the shares in USK Karl Utz Sondermaschinen GmbH ("USK") from the family owners with effect as of today. USK is a sustainably profitable specialist for automation solutions, employing more than 300 people at the company's headquarters in Limbach-Oberfrohna. Its capacities for development, engineering and assembly will further support Aumann's growth path. In 2016, the company generated revenue of c. EUR70 million.
As a result of the acquisition of USK, annualised revenue of MBB Group amounts to more than EUR450 million. As the third quarter of Aumann was weak due to the strong organic growth, management expects earnings per share in 2017 of EUR2.00 which is lower than our previous forecast of EUR2.16.
About MBB SE:
MBB SE is a medium-sized family business that has expanded steadily since it was founded in 1995 through organic growth and the acquisition of companies. Increasing long-term value of the independent subsidiaries and the Group as a whole is the heart of its business model which has been highly profitable from the outset. Substantial growth and sustainable returns will remain MBB SE's goal in future as well.
Further information on MBB SE can be found at www.mbb.com
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MBB SE
Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
request@mbb.com
www.mbb.com
Listed: Regulated Market in Frankfurt (Prime Standard)
Executive Management
Dr Christof Nesemeier (CEO)
Anton Breitkopf
Dr Gerrit Karalus
Klaus Seidel
Chairman of the Board
Gert-Maria Freimuth
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458
18-Oct-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
MBB SE
Joachimsthaler Strasse 34
10719 Berlin
Germany
Phone:
+49 (0) 30 844 15 330
Fax:
+49 (0) 30 844 15 333
E-mail:
anfrage@mbb.com
Internet:
www.mbb.com
ISIN:
DE000A0ETBQ4
WKN:
A0ETBQ
Indices:
PXAP
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
MBB SE, formerly MBB Industries AG, is a German-based private equity firm specializing in acquisitions of established medium-sized industrial companies. The Company makes investments in entities seeking to sell off a part of their business or the entire operation, perhaps as part of a succession process; selling a subdivision or an affiliated entity that no longer forms part of the organization's core business, and seeking for a management buyout or buy-in. It targets investments in firms with turnovers of 10 million euros and above. Its portfolio consists of Aumann AG, specializing in e-mobility, coil winding and automation, CT Formpolster GmbH, a producer of flexible polyurethane foams, Delignit AG, a supplier of ecological hardwood-based materials, DTS IT AG, a cloud computing and cyber security provider, Hanke Tissue Spolka Z O.O., a producer of tissue paper, and OBO-Werke GmbH, a supplier of products for model construction, toolmaking and mould production, among others.
MBB SE 
