Beter Bed Holding acquires BettenMax in Austria
(Thomson Reuters ONE) -
* BettenMax is a leading Austrian discount mattress and bed textiles retailer.
* BettenMax has 18 stores in retail parks in Austria.
* The acquisition of BettenMax makes Beter Bed Holding market leader in
Austria and provides national coverage in the country.
Beter Bed Holding announces that it has reached an agreement for the acquisition
of BettenMax GmbH ('BettenMax'). BettenMax is a leading Austrian discount
mattress and bed textiles retailer with 18 stores in Austria, 50 employees and
an annual revenue of approximately ? 5 million.
Ton Anbeek, Chief Executive Officer:
'The acquisition of BettenMax fits in perfectly with our strategy to become
market leader in the value-for-money segment in Austria. This will make Beter
Bed Holding one of the largest players in the Austrian market and provide
national coverage.'
The BettenMax formula corresponds with Matratzen Concord's business model and
retail format, which will consequently make it possible to achieve operational,
commercial and financial synergy. The number of Matratzen Concord stores in
Austria will increase to 86 as a result of this acquisition. The BettenMax
stores will be converted to the Matratzen Concord store concept over the next
months.
Beter Bed Holding will finance the acquisition from its own resources. The
annual normalised operating profit of the 18 BettenMax stores in relation to
revenue is expected to be above the average of Matratzen Concord's activities in
Austria. The acquisition is expected to be finalised early November 2015.
Profile
Beter Bed Holding N.V. operates in the European bedroom furnishings market. Its
activities include retail trade through a total of 1,135 stores at the end of
September 2015 that operate via the chains Beter Bed (active in the Netherlands
and Belgium), Matratzen Concord (active in Germany, Switzerland and Austria), El
Gigante del Colchón (active in Spain) and Beddenreus (active in the
Netherlands). Beter Bed Holding is also active in the field of developing and
wholesaling branded products in the bedroom furnishing sector in the
Netherlands, Germany, Belgium, Spain, Austria and Switzerland via its subsidiary
DBC International.
Beter Bed Holding N.V. achieved net revenue of ? 364.0 million in 2014.
Approximately 70% of the group's net revenue is realised outside the
Netherlands. The company has been listed on the NYSE Euronext Amsterdam since
1996 and is included in the Amsterdam Small Cap Index.
On behalf of Beter Bed Holding N.V.
Ton Anbeek, Bart Koops,
Chief Executive Officer Chief Financial Officer
For more information you may contact Bart Koops:
+31 (0)413 338819
+31 (0)6 46 761 405
bart.koops(at)beterbed.nl
Click for the pdf version of the press release on the link below
press release 23-10-2015.pdf:
http://hugin.info/132850/R/1960821/714904.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Beter Bed Holding NV via GlobeNewswire
[HUG#1960821]
Unternehmensinformation / Kurzprofil:
Datum: 23.10.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 429008
Anzahl Zeichen: 3806
contact information:
Town:
Uden
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 247 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Beter Bed Holding acquires BettenMax in Austria"
steht unter der journalistisch-redaktionellen Verantwortung von
Beter Bed Holding NV (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
