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. €70 million.
As a result of the acquisition of USK, annualised revenue of MBB Group amounts to more than
€450 million. As the third quarter of Aumann was weak due to the strong organic growth, management expects earnings per share in 2017 of €2.00 which is lower than our previous forecast of €2.16.
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
---
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
1 / 1MBB SE published this content on 18 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 October 2017 11:00:07 UTC.
Original documenthttps://www.mbb.com/fileadmin/templates/downloads/ad-hoc/en/2017-10-18-adhoc-motion2017-en.pdf
Public permalinkhttp://www.publicnow.com/view/EB448E0ECA8E8FFB5FEDC7DE5C519567B4CD3D62