euro adhoc: TA Triumph-Adler AG
Mergers - Acquisitions - Takeovers
Triumph-Adler will acquire assets and operations of medium sized specialist
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Nuremberg, February 15, 2008 - TA Triumph-Adler has been granted to purchase the essential assets of Lich BVF GmbH, Rabenau, Hessen, Germany, from the insolvency administrator of the company which had filed for an insolvency proceeding as of November 20, 2007. This was now resolved by the committee of creditors. The deciding factor was the concept presented by TA Triumph-Adler how to restructure the Lich operations in order to return them to profitability at short notice. The details of the purchase will be laid down in a purchasing contract.
Lich BVF is a specialist dealer active in the field of office communication (document business). The company generated around EUR 7 million of revenue in 2007 and manages over 3.500 machines as part of long-term agreements. The major part of its operations will be continued in the framework of a separate company within the TA Triumph-Adler Group. TA Triumph-Adler expects to markedly increase the sales revenue of the new company over the next years and lift operating margins to levels customary within the Group.
Consent has been reached with the insolvency administrator that TA Triumph-Adler will also purchase the customer base of Eberhard Lich Gmbh & Co. KG, also located in Rabenau. This agreement is still subject to the consent of the committee of creditors. The company is also under insolvency administration. It operates in the office equipment and stationery segment. Lich BVF GmbH and Eberhard Lich GmbH & Co. KG have common shareholders.
Contact: TA Triumph-Adler AG Suedwestpark 23 D - 90449 Nuremberg Dr. Joachim Fleing Phone: +49 / 911 / 68 98 - 499 Fax: +49 / 911 / 68 98 - 200 email@example.com www.triumph-adler.com
Bearer shares ISIN: DE0007495004, admitted to official trading (Prime Standard) on the Frankfurt stock exchange and on all German regional exchanges
Important notice: This press release contains forward-looking statements that are based on assumptions and estimates made by the management of TA Triumph-Adler AG. Even if the management of the company is of the view that these assumptions and estimates are appropriate, future actual developments and future actual events may diverge significantly from these assumptions and estimates due to various factors. These factors may include, by way of example, changes in the macroeconomic situation, exchange rates, interest rates, as well as changes both within the market and in the competitive environment as the result of technological change. TA Triumph-Adler AG provides no guarantee, and accepts no liability, if future developments, and results achieved in the future, do not accord with the assumptions and estimates expressed in this press release.
end of announcement euro adhoc
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Branche: Semiconductors & active components
Index: CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
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