DGAP-News: Hess AG: Nordeon takes over business operations of Hess
(firmenpresse) - DGAP-News: Hess AG / Key word(s): Insolvency/Disposal
Hess AG: Nordeon takes over business operations of Hess
23.08.2013 / 11:30
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Hess AG: Nordeon takes over business operations of Hess
- Nordeon acquires all shares, activities and employees of Hess effective
1st October, 2013
- Continuation of business operations by Hess GmbH Licht+Form
Villingen-Schwenningen, 23rd August, 2013. Nordeon takes over all assets
necessary for the continuation of business operations of Hess AG at the
site in Villingen-Schwenningen by way of an asset deal effective 1st
October, 2013. The asset deal is based on the future concept for Hess GmbH
Licht+Form mutually developed and implemented by the insolvency
administrator Dr Volker Grub and the management of Hess AG. Further, the
sales company of Hess located in Scandinavia as well as the production site
and sales of Hess in the USA are being taken over. The working
relationships of about 180 Hess employees in total are being continued.
Hess invests a great deal in the development of energy-efficient lighting
products and concentrates on meeting all requirements for lighting design
in the public space as well as for the indoor and outdoor illumination of
objects with a wide range of design-oriented luminaires. The product
portfolio is completed by premium street and site furnishings. Nordeon is
an internationally positioned company based in the Netherlands and with
sites in Germany and France. The company was founded in October of 2012 as
part of a spin-off from Philips in Springe and expanded as early as two
months later through acquiring the Philips production site in France. A
further step in growth was taken in March of this year acquiring Vulkan
GmbH, which then belonged to the Hess group.
By taking over Hess, Nordeon significantly extends its product line in the
range of outdoor lighting and continues its growth strategy at the same
time. Accordingly pleased is Pierre van Lamsweerde, CEO of the Nordeon
group: 'Hess is a world-wide known and prestigious brand and has a high
reputation especially concerning the design and the quality of the
luminaires. We are further strengthening our range of outdoor lighting
through this acquisition. We are now in the position to offer
technical-functionally as well as decorative outdoor lighting of high
quality from a single source. Likewise, Hess further reinforces our
production focussed on Europe'. Insolvency administrator Dr Volker Grub is
also more than satisfied: 'With the strategic investor Nordeon, we have
found an ideal solution for Hess'. And Andreas R. Budde, Managing Director
of Hess AG, continues: 'An ideal solution that maintains jobs on the one
hand and ensures the long-term continuation of the company on the other
hand'.
Contact:
Hess AG
Marco Walz
Investor Relations / Communications
Lantwattenstraße 22
D - 78050 Villingen-Schwenningen
Tel.: +49 (0) 7721 920-475
Fax: +49 (0) 7721 920-771475
EMAIL: marco.walz(at)hess.eu
www.hess-ag.de
End of Corporate News
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23.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Hess AG
Lantwattenstraße 22
78050 Villingen-Schwenningen
Germany
Phone: +49 7721 920 0
Fax: +49 7721 920 250
E-mail: hess(at)hess.eu
Internet: www.hess.eu
ISIN: DE000A0N3EJ6
WKN: A0N3EJ
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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227196 23.08.2013
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Datum: 23.08.2013 - 11:30 Uhr
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News-ID 290388
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