DGAP-News: IMPREGLON SE: Impreglon Group Expands in Europe: New Subsidiary RUAG Coatings
(firmenpresse) - DGAP-News: IMPREGLON SE / Key word(s): Acquisition
IMPREGLON SE: Impreglon Group Expands in Europe: New Subsidiary RUAG
Coatings
05.10.2012 / 07:10
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Impreglon Group Expands in Europe
New Subsidiary RUAG Coatings
Effective September 2012, RUAG Coatings AG, located in Altdorf,
Switzerland, became a 100 % subsidiary of Impreglon SE in Lüneburg,
Germany. RUAG decided to sell off this division, because it is not part of
their core business and, in collaboration with the Impreglon group, has a
greater chance for a successful future. All of the employees will continue
to work for the company. The acquisition was finalized October 4, 2012. The
two parties agreed not to disclose the purchase price.
Impreglon is a global leader in the field of surface engineering. The group
has 25 facilities in 12 countries across four continents. It employs 880
people and anticipates revenue of 90 million Euro in 2012. The company is
traded on the German stock exchange under the stock ticker I3M.
RUAG Coatings supplies surface treatments for the machinery, automotive,
bicycle and defense industries to over 250 customers in Switzerland,
Germany and Austria. The division, with about 100 employees, generates
revenue of around CHF 25 million. It will now be named 'Impreglon
Coatings.'
'With our new subsidiary in Altdorf, the range of surface treatments
offered by the Impreglon group will be expanded to include some interesting
new special coatings, offering our customers a 'one stop shop' for their
coating needs. In the future, the plants in Altdorf, Kaufbeuren and
Landsberg will work together to increase the group's activities in
Switzerland, southern Germany and Austria,' says Henning J. Claassen,
chairman of the board of directors of Impreglon SE.
'We are excited to have found Impreglon as a purchaser. The internationally
recognized specialist in the coating field can continue to develop RUAG
Coatings as part of the Impreglon group and strengthen its market
position,' adds Konrad Peter, executive chairman of RUAG Holding AG.
IMPREGLON SE
Lünertorstraße 17
21335 Lüneburg
Tel. 04131 / 2260091
Fax 04131 / 2260069
investorrelations(at)impreglon.de
www.impreglon.de
End of Corporate News
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05.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: IMPREGLON SE
Lünertorstraße 17
21335 Lüneburg
Germany
Phone: +49 (0)4131 - 2260091
Fax: +49 (0)4131 - 2260069
E-mail: info(at)impreglon.de
Internet: www.impreglon.de
ISIN: DE000A0BLCV5
WKN: A0BLCV
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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187684 05.10.2012
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Datum: 05.10.2012 - 07:10 Uhr
Sprache: Deutsch
News-ID 189921
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