DGAP-News: Schaltbau subsidiary Gebr. Bode acquires Werner Kircher
(firmenpresse) - DGAP-News: Schaltbau Holding AG / Key word(s): Acquisition
Schaltbau subsidiary Gebr. Bode acquires Werner Kircher
25.07.2012 / 18:31
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Schaltbau subsidiary Gebr. Bode acquires Werner Kircher
Munich / Kassel, 25 July 2012 - As part of an asset deal, from 1 September
2012 the Kassel-based company Gebr. Bode GmbH&Co. KG, a wholly owned
subsidiary of Schaltbau Holding AG, will take over boarding systems
manufacturing specialist Werner Kircher, Elektro- und Feinmechanischer
Gerätebau, a company based in Ahnatal, also in the district of Kassel. A
purchase agreement has been signed and the takeover is now only subject to
the fulfilment of legal contractual obligations. The company will be
transferred to the newly formed Bode subsidiary Bode Zustiegssysteme GmbH.
Over the last few years, Werner Kircher has forged itself an excellent
reputation as a manufacturer of boarding systems and their components. In
2011 the company reported sales in the region of EUR 7.5 million with a
workforce of around 60 employees.
With the acquisition of Werner Kircher, the Bode Group is bolstering its
own core competence as a full-range provider of door and boarding systems.
The takeover not only provides Bode with access to product-specific
manufacturing processes, but also to the entire value-added chain for
boarding systems. In the medium term Bode plans to expand this particular
field of business.
Bode is a leading supplier of door systems for buses and trains. Its
range of products and services comprises the development, production,
installation, commissioning and maintenance of door systems for city buses
and coaches, city and regional trains and also high-speed trains.
With annual sales of EUR 350 million and a workforce of around 1,800
employees, the Schaltbau Group is one of the leading suppliers of
components and systems in the field of transportation technology. The
enterprise supplies complete level crossing systems, shunting and signals
technology, door systems for buses and trains, industrial braking systems
for container cranes and also high- and low-voltage components for railway
vehicles. Its innovative and future-oriented products make Schaltbau a key
business partner in the fields of transportation technology and industry.
End of Corporate News
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25.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Schaltbau Holding AG
Hollerithstraße 5
81829 München
Germany
Phone: 089 - 93005 - 209
Fax: 089 - 93005 - 318
E-mail: bloch(at)schaltbau.deInternet: www.schaltbau.de
ISIN: DE0007170300, DE000A0D66Z2,
WKN: 717030, A0D66Z2,
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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179090 25.07.2012
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Datum: 25.07.2012 - 18:31 Uhr
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