DGAP-Adhoc: MBB SE acquires majority in machine

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Nov 19, 2015 at 8:00 AM

DGAP-Adhoc: MBB SE acquires majority in machine manufacturer Aumann

MBB SE / Key word(s): Investment 19.11.2015 13:53 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- MBB SE acquires majority in machine manufacturer Aumann - Aumann is a leading machine manufacturer for coil winding technology and e-mobility - Rapidly growing company with revenue of around EUR 33 million and 160 employees - Aumann and MBB Fertigungstechnik form machine manufacturing group with revenue of more than EUR 130 million and 500 employees - MBB SE forecasting significant revenue and earnings growth in 2016 Berlin, 19 November 2015 - MBB SE (ISIN DE000A0ETBQ4), a family-owned, medium-sized company, has acquired 75% of shares in the Aumann Group from its sole managing partner. Aumann is a leading manufacturer of systems for coil winding of electric motors and for e-mobility. Through the collaboration of Aumann and MBB Fertigungstechnik, MBB and the managing partner of the Aumann Group intend to meet the rapid rise in demand for e-mobility solutions and are forecasting significant growth. The Aumann Group (www.aumann.com) has experienced strong growth in recent years, and will generate profitable revenue of around EUR 33 million with roughly 160 employees in 2015. Founded in 1936, Aumann is a leading manufacturer of highly automated coil winding systems with locations in Espelkamp (East Westphalia), Berlin and the US. The company's products are used in the automotive industry for applications in the field of e-mobility and electrification of cars. Customers in the area of electric household appliances and in other industries use Aumann systems to achieve the best possible energy efficiency of their products. As part of the MBB Group, Aumann will continue to operate under its current name and at its current locations under the established management. Aumann will cooperate with MBB Fertigungstechnik to manage its intended growth. Together, the companies form a machine manufacturing group with expertise in coil winding technology, assembly technology, joining technology, wire enamelling and tooling. The total revenue in machine manufacturing will amount to EUR 130 million with around 500 qualified employees working at independent locations in Germany, China and the US. MBB's equity investment in Aumann constitutes the acquisition of a highly successful company in an extremely promising market. Like many of MBB's companies, Aumann also has its roots in East Westphalia. MBB's forecast for the 2015 financial year remains unchanged with consolidated revenue of EUR 250 million and earnings per share of more than EUR 1.75. The annualised revenue level for the MBB Group is now at EUR 285 million. The equity investment in Aumann will contribute to further growth in MBB's revenue and earnings for the financial year 2016. The parties have agreed not to disclose the purchase price. MBB financed the investment from own funds. Even after this acquisition, MBB will have sufficient funding for further growth, including acquisitions. About MBB SE: MBB SE is a family-owned, medium-sized group 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 at 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 the future as well. Further information on MBB SE can be found on the Internet at http://www.mbb.com --- MBB SE Joachimsthaler StraÃe 34 10719 Berlin Tel +49 30 844 15 330 Fax +49 30 844 15 333 request@mbb.com www.mbb.com 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 19.11.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and 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 End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Lawsuit Targets Electrical Consultants' Labor Practices

Trouble Brews at Electrical Consultants, Inc. Right on the heels of a long workday, some employees of Electrical Consultants, Inc. seem to be getting a double whammy. The company is tangled up in a class action lawsuit lodged by the well-known Blumenthal Nordrehaug Bhowmik De Blouw LLP. This ain't your everyday grievance, folks; we're talking meal and rest period...

Molex's VersaBeam Mini Pushes AI Data Center Limits

Game-Changer for AI Data Centers? Across the tech landscape, space is a premium, and Molex's new VersaBeam Mini arrives like a hail Mary in the fourth quarter. In AI data centers, squeezing down every single component counts—especially when optical density's in play. What we're seeing here is a potential paradigm shift. A 3x density improvement from a tiny 3.5 x 9 mm...

HNTB Expands in Capital Region: A Strategic Move

Breaking New Ground in Arlington and Baltimore Deepening their stake in the Capital Region's future, HNTB has thrown open new office doors in Arlington, Virginia, and Baltimore, Maryland. We're not just talking fancy buildings, folks—this is about securing a piece of the infrastructure pie that's only going to get bigger and tastier. Infrastructure's the backbone of...

NACD Honors Top Board Leaders with 2026 Awards

Celebrating Boardroom Mavericks at NACD Gala September 2026 has brought some sparkling recognition to the elites guiding today's corporate governance landscapes. The National Association of Corporate Directors (NACD) has announced their Directorship 100 honorees, tipping their hats to stellar individuals firing on all cylinders in the boardroom. Who's Getting the Nod?...

Nature-Based Solutions: The Economic And Community Impact

Harnessing Nature to Boost Economies You ever stop to think about how nature itself might just be the best investment? Well, the Walton Family Foundation surely does, betting big on nature-based solutions. Their latest initiative, 'Human Nature,' is shedding light on how these solutions aren't just saving ecosystems — they're fortifying economies and enriching...

Lavior and CR Fitness Team for Wellness Reach

Botanical Care Meets Gym Life in the Southeast Lavior, the botanical whiz kids of wound and skin care out of Miami, are shaking hands with CR Fitness, Crunch's big-time franchise operator carrying the flag across the Southeast. They’ve ironed out a deal that’ll park Lavior’s products in more than 60 gyms covering Florida, Georgia, North Carolina, and Texas. It’s a...

Lititz Mutual Embraces AI with Guidewire ProNavigator

It's not every day you see a company like Lititz Mutual making moves in the artificial intelligence (AI) arena. Based out of Lititz, Pennsylvania, this insurance firm has decided to shake things up with Guidewire's ProNavigator AI assistant. Forging New Paths in Insurance Lititz Mutual is set to inject some serious tech into their operations. The goal? Make life easier...

Spencer Peterman Hosts Eco-Friendly Wood Bowl Sale

Just when you think you've seen it all in the world of craftsmanship, along comes a dynamo like Spencer Peterman. For over 25 years, he's been turning what others discard into treasures. Fallen trees? Most folks see firewood. Spencer sees a future masterpiece. And now, he’s rolling out the welcome mat for his loyal customers with a special sale that runs until December...

Navigating AI's New Era: Dresner's 2026 Findings

Big Insights in the AI World of 2026 Well folks, if there's one thing making waves in the boardrooms this year, it's AI. Dresner Advisory Services just threw down a gauntlet for companies with their fresh batch of reports focused on the dizzying world of AI. They ripped right into it, exploring how firms can bag a heap of benefits and deal with the hurdles that come with...

U.N. Leaders Converge at NYSE, Forus Soars to $3B Valuation

A Busy Morning at the NYSE with Key Guests and Global Events In a world where high-stakes diplomacy and roaring market bells go hand in hand, today brings the U.S. Secretary of State, Marco Rubio, to the New York Stock Exchange. With the 81st Session of the United Nations General Assembly shaking up the Big Apple, the city finds itself at the intersection of politics and...