DGAP-News: INDUS strengthens subsidiary AURORA with strategic acquisition of HEAVAC
(firmenpresse) - DGAP-News: INDUS Holding AG / Key word(s): Acquisition
INDUS strengthens subsidiary AURORA with strategic acquisition of
HEAVAC
19.06.2013 / 09:15
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INDUS strengthens subsidiary AURORA with strategic acquisition of HEAVAC
B.V in the Netherlands
Bergisch Gladbach, 19 June 2013 - With effect from 1 January 2013, AURORA
Konrad Schulz GmbH&Co. KG, an INDUS portfolio company from the Vehicle
Engineering segment, acquired HEAVAC B.V., headquartered in Nuenen,
Netherlands. HEAVAC produces ventilation and air-conditioning systems for
buses, primarily for customers in the Benelux countries as well as the UK
and Russia. The new Wright double-deckers in London and the Russian Golaz
buses for the Winter Olympics in Sochi, for instance, will be equipped with
HEAVAC systems. Due to its market-leading position, especially in the
Benelux region, HEAVAC serves as a development partner for its customers.
Employing 45 people, the company generated sales revenues of EUR 12 million
in 2012.
AURORA employs 210 people in Germany, Turkey and the USA and produces
air-conditioning and ventilation systems for buses, construction and
agricultural machines. Established in 1930, the company has been a member
of the INDUS Group since 1990. In 2012, AURORA generated sales revenues of
approx. EUR 30 million.
So far, the two companies have served different markets and are no direct
competitors. The acquisition of HEAVAC will result in a broadly-based
international specialist who will be able to tap as yet undeveloped markets
and customer groups thanks to additional synergies in the product portfolio
and the sales organisation. HEAVAC, for instance, is developing battery
cooling systems for energy-efficient heating and air-conditioning devices
for use in electric vehicles. Going forward, the new entity will operate
under the name of AURORA-HEAVAC-Gruppe; all locations will be maintained.
In their search for a strategic partner, the three managing partners of
HEAVAC, Peter Bremmer, Gerald van Kampen and Han Rutten, had approached
AURORA. 'We are convinced of INDUS' business model, which is geared to
long-termness and sustainability - we know that the company is in good
hands here,' says Peter Bremmer, who will continue to work for HEAVAC in
the same position together with his two fellow shareholders.
Contact:
Regina Wolter
Corporate Communications&Investor Relations
Phone +49 2204 4000 70
E-Mail wolter(at)indus.de
End of Corporate News
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Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus(at)indus.de
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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216931 19.06.2013
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Datum: 19.06.2013 - 09:15 Uhr
Sprache: Deutsch
News-ID 271079
Anzahl Zeichen: 7167
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