SMT Scharf : takes over Canadian mining specialist RDH Mining Equipment
February 07, 2018 at 12:50 pm EST
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DGAP-Ad-hoc: SMT Scharf AG / Key word(s): Takeover/Strategic Company Decision
SMT Scharf AG takes over Canadian mining specialist RDH Mining Equipment
07-Feb-2018 / 18:42 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.
SMT Scharf AG takes over Canadian mining specialist RDH Mining Equipment
Hamm, February 7, 2018 - SMT Scharf AG (WKN 575198, ISIN DE0005751986) has indirectly acquired 100 percent of the shares in RDH Mining Equipment, based in Alban, Canada, through its wholly-owned subsidiary SMT Scharf Corporation, also based on Alban, Canada. With the acquisition, SMT Scharf AG is strengthening its market position as an integrated system provider in the underground logistics area and is supplementing its product portfolio to include rubber-tire vehicles. The purchase price amounts to around CAD 8.0 million (corresponding to approximately EUR 5.17 million). A small proportion of the purchase price will be rendered in treasury shares of SMT Scharf AG, with the rest being paid in cash. For the cash component, SMT Scharf AG had at its disposal funds from the capital increase that SMT Scharf AG successfully realized in November 2017.
RDH Mining Equipment has specialized in high-quality underground equipment for mining and tunnel construction for more than 30 years and has been especially active in the North American market to date with a revenue share averaging above 50 %. Its product range extends from jumbo drilling equipment through to load-haul-dump machines (LHDs), scissor lifts and low-loaders. With around 50 staff, RDH generated sales of CAD 14.5 million (equivalent to around EUR 9.36 million) in its fiscal year ending April 30, 2017.
Company profile
The SMT Scharf Group develops, manufactures and services transportation equipment for underground mining as well as for tunnel construction. The main products are captivated railway systems that are deployed all over the world, primarily in hard coal mines, but also in mines for gold, platinum and other metals. They are needed to transport material and personnel with payloads of up to 48 tons and on gradients of up to 30 degrees. In addition, the Group supplies the mining sector with chairlifts. The SMT Scharf Group is active with subsidiaries in seven countries, as well as commercial agencies worldwide. SMT Scharf generates a large share of its revenue in growing foreign markets such as China, Russia, Poland and South Africa. SMT Scharf AG has been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since 2007.
07-Feb-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
SMT Scharf AG
Römerstrasse 104
59075 Hamm
Germany
Phone:
+49 2381 960-01
Fax:
+49 2381 960-230
E-mail:
info@smtscharf.com
Internet:
www.smtscharf.com
ISIN:
DE0005751986
WKN:
575198
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
SMT Scharf AG is a Germany-based company that manufactures rail-bound transport systems for personnel, equipment and material. Its product portfolio comprises Monorail transport systems, electric monorail transport systems (EMTS), floor-mounted rail systems, chairlift systems for mining personnel transport, cable handling systems and conveyors, as well as diesel-powered and battery-powered locomotives. The Company also provides equipment, such as cable and hose handling systems, shifting units, winches, shunting trolleys, control cabinets and pumps. It operates through subsidiaries in Germany, Poland, the Ukraine, Russia, South Africa and China, such as Sareco Engineering Pty Ltd and Hollybank Engineering Co Ltd, as well as Nowilan Gesellschaft fuer Antriebstechnik mbH, a provider of power train solutions, logistics solutions.
SMT SCHARF AG 
