euro adhoc: Mergers - Acquisitions - Takeovers
Bene buys Germany┬ĺs Till Group

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Bene buys Germany┬ĺs Till Group  Vienna/Waidhofen an der Ybbs, 9 November 2006. Vienna Stock Exchange listed Bene AG has acquired all the shares in Germany┬ĺs Till Group. The purchase price was not disclosed.  The Till Group, which has been a Bene AG distributor since 1996, is a successful specialist office furniture distributor in Germany with a prospective turnover in financial 2005/06 of EUR 7.7 million.

With the exit of the previous owner, Bene is taking over two flourishing operations, in Stuttgart and Villingen-Schwennigen, further strengthening its position in the prosperous Baden-W├╝rttemberg region. Bene and the Till Group have already successfully cooperated in supplying such international customers as Altana and Burda.

Germany is the biggest market for office furniture in Europe and Bene now has a total of 14 outlets.

About Bene  Bene specialises in the conception and design of office environments and, as the uncontested number one in Austria and number six in Europe, is one of Europe's leading office furnishers. Bene has 74 outlets in 29 countries, including 35 branches and 39 specialist dealers, giving it one of the strongest direct sales networks in the business. Bene┬ĺs consolidated revenues in financial 2005/06 came to EUR 186.7 million, and the Group currently employs some 1,200 staff worldwide.

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ots Originaltext: BENE AG
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Further inquiry note:
Ursula Grabher
Bene AG
Renngasse 6, A-1010 Vienna
Tel: +43 (0)1 53426 direct dial 1265  Fax +43 (0)1 534261270

Branche: Furnishings & Furniture
ISIN:      AT00000BENE6
Index:    ATX Prime
B├Ârsen:  Wiener B├Ârse AG / official market

Weitere Meldungen: BENE AG

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