DGAP-News: AURELIUS daughter SECOP to take over compressor manufacturer ACC Austria
(firmenpresse) - DGAP-News: AURELIUS AG / Key word(s): Acquisition
AURELIUS daughter SECOP to take over compressor manufacturer ACC
Austria
25.04.2013 / 06:30
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Press release
AURELIUS daughter SECOP to take over compressor manufacturer ACC Austria
- Important strategic step for SECOP and ACC
- Industrial concept secures the production site and approx. 700 jobs at
ACC
- Preventing company liquidation
Munich, Germany (April 25, 2013) - SECOP GmbH, Flensburg, Germany, a
daughter of the Munich-based industrial holding AURELIUS Group (ISIN:
DE000A0Jk2A8) has signed an agreement to acquire the compressor
manufacturer ACC Austria GmbH, Fürstenfeld, Austria. ACC is a leading
manufacturer of hermetic compressors for refrigerators and freezers with
approx. 700 employees and generated revenue of roughly 150 million euros in
2012. The company is a key supplier for international cooling unit
manufacturers and represents an excellent addition to the SECOP product
portfolio. The transaction is subject to approval by the respective
competition authorities.
Due to the insolvency of the Italian mother company and its German daughter
company, ACC Fürstenfeld was forced to file for insolvency at the end of
2012 as well. The takeover by Secop now provides a strategic sustainable
solution securing jobs and the production site at Fürstenfeld in Austria.
ACC is well-known for its high quality products which are state-of the-art
within their market. Together with Secop, ACC will further expand its
research and development activities and be technology leader with both
fixed and variable speed compressors for the household appliance market in
the future. This will ensure the supply of compressors which will fulfill
the highest requirements for energy efficiency and low noise level.
'The acquisition of ACC Austria is an important strategic step for our
daughter company SECOP', says Donatus Albrecht, AURELIUS Chief Investment
Officer. 'In the future we would like to develop our portfolio companies
even further and more actively through add-on-acquisitions. This has
already been a successful strategy for some of our daughter companies in
the past.'
Mogens Søholm, SECOP President&CEO explains: 'By combining the
competences of both companies we have established an important independent
European based compressor manufacturer which is able to drive continuous
product innovations to the market.'
About SECOP
Secop (formerly Danfoss Household Compressors) is a leading manufacturer
for hermetic compressors for refrigerators and freezers, light commercial
applications and 12-24-48 DC compressors for mobile applications.
Secop's headquarters with its R&D and Sales department and support
functions is situated in Flensburg, Germany. Its production facilities are
located in China and Slovakia as well as a component manufacturing site in
Slovenia.
For more information, please visit: www.secop.com
For any press related questions find the following contact details below
Mogens Søholm, President&CEO, Secop
Phone: +49 461 4941 500
About Aurelius
The AURELIUS Group specializes in acquiring companies with development
potential and providing them with operational support. With respect to the
acquisition of subsidiaries, AURELIUS strives to identify, analyze, develop
and exploit all availableopportunities in the market. The AURELIUS Group
understands itself to be a GOOD HOME for its subsidiaries on a long-term
basis. Although its acquisition activities are not limited to a certain
sector, AURELIUS has placed a certain emphasis on the following sectors:
industrial enterprises, chemicals, business services, consumer goods/food&beverage and telecommunications, media&technology.
AURELIUS has many years of investment and management experience in
different industries and sectors. AURELIUS improves the performance of its
subsidiaries by providing management capacities and the necessary financial
resources for investing in innovative products, sales and research.
AURELIUS is a globally active company with offices in Munich and London and
subsidiaries in Germany, Great Britain, France, Poland, Hungary, the
Netherlands, Switzerland, Norway, Belgium, Luxembourg, Slovakia and
Slovenia, as well as the United States, China, Malaysia, India, Thailand
and South Korea. The shares of AURELIUS AG are traded in the m:access of
the Munich Stock Exchange under ISIN DE000A0JK2A8. Additional information
can be found at www.aureliusinvest.de.
Contact
Investor Relations&Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
investor(at)aureliusinvest.de
End of Corporate News
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25.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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Datum: 25.04.2013 - 06:30 Uhr
Sprache: Deutsch
News-ID 252688
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