TAKKT acquires leading multi-channel direct marketing company for packaging solutions Ratioform

TAKKT AG / Key word(s): Acquisition

02.06.2012 / 08:30


TAKKT acquires leading multi-channel direct marketing company for packaging solutions Ratioform
Further diversification of product portfolio

Stuttgart, Germany, 02 June 2012. Today, TAKKT AG has signed a contract to acquire Ratioform Holding GmbH, headquartered in Pliening, Germany. The purchase price amounts to around EUR 210 million on a debt free basis. By acquiring the B2B direct marketing company for packaging solutions, TAKKT strengthens its European portfolio. In 2011, Ratioform generated a pro forma turnover of EUR 83 million and a pro forma EBITDA of EUR 22.6 million.

Ratioform is the leading B2B direct marketing company within the distribution market for transport packaging in Germany, where 75 percent of its sales is generated. In addition, Ratioform is active in five other European countries. Among others, the increasing importance of e-commerce business is a main driver for the growing demand for transport packaging. The acquisition is an ideal addition for TAKKT. 'With Ratioform we acquire a dynamically growing company with management excellence. At the same time, we extend our product spectrum noticeably,' commented Dr Felix A. Zimmermann. The new company will form an independent third group within the TAKKT EUROPE division.

Ratioform offers a range of more than 5,000 products from the areas warehouse and shipping. The products are almost exclusively available from stock. Ratioform sells its quality product range via a multi-channel approach mainly to B2B customers in different industries. With a high availability of its stock resulting in a fast supply of its customers Ratioform ensures an elevated level of service.

A purchase price of around EUR 210 million on a debt free basis was agreed on for acquiring the entire interest in Ratioform Holding GmbH. The current management will remain responsible for management after the transaction has been closed. Michael Vollmer, Managing Director of Ratioform: 'Due to the various similarities in our business models we have set the perfect basis for further growth in Europe with this partnership.'

TAKKT funds the acquisition with acquisition credits agreed on short notice as well as already existing long-term credit lines. Even after closing the transaction, TAKKT will still have a solid balance sheet structure with an equity ratio of more than 30 percent. 'With the acquisition of Ratioform, TAKKT remains true to its long-term growth strategy and keeps a firm eye on the financial solidity,' said Dr Claude Tomaszewski.

Conference call
We invite you to directly address the Management Board with your questions. We will be hosting a conference call for this purpose at 09:00 a.m. (CEST) and at 03:00 p.m. on 04 June 2012, during which we will be open to questions. To take part, please dial the following number: +49 69 201744-295 (access code: 779134#).

For interim questions:
Dr Felix A. Zimmermann, CEO Tel. +49 711 3465-8201
Dr Claude Tomaszewski, CFO Tel. +49 711 3465-8207

Email: investor@takkt.de

Company calendar
The figures for the first half-year of 2012 will be published on 31 July 2012.

Short profile of TAKKT AG
TAKKT is the leading B2B direct marketing specialist for business equipment in Europe and North America. The Group is represented with its brands in more than 25 countries. The product range of the TAKKT subsidiaries comprises some 175,000 products for the areas of business and warehouse equipment, classic and design-oriented office furniture and accessories, and supplies for retailers, the food service industry and the hotel market.

TAKKT Group employs some 1,900 staff, has around three million customers worldwide and distributes more than 45 million catalogues and mailings per year.

TAKKT AG is listed on the SDAX and was admitted to Deutsche Boerse's Prime Standard on 01 January 2003.

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172639  02.06.2012

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Michael Loch
Michael Loch
Head of Investor Relations
Tel: +49 711 3465-8222