TAKKT AG: TAKKT sells the Plant Equipment Group.

TAKKT AG  / Key word(s): Disposal

01.01.2015 02:23

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TAKKT sells the Plant Equipment Group.

Today, TAKKT AMERICA HOLDING INC., a subsidiary of TAKKT AG, has signed a
contract with Global Industrial Holdings LLC, Port Washington, NY, USA, to
sell the membership interests of all companies belonging to the Plant
Equipment Group ("PEG").  This comprises C&H Service, LLC, Milwaukee, USA,
C&H Distributors, LLC, Milwaukee, USA, Industrialsupplies.com, LLC,
Milwaukee, USA, Products for Industry, LLC, Milwaukee, USA, C&H Productos
Industriales S. de R.L. de C.V., Mexiko City, Mexiko, and Avenue Industrial
Supply Company Limited, Richmond Hill, Canada. With this step TAKKT will
focus its activities to become an integrated multi-channel company.

The Supervisory Board of TAKKT AG has already approved the transaction. 

In 2013, PEG generated a turnover of approx. USD 104 million. A purchase
price of USD 25 million on a debt free basis was agreed for the

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Language:     English
Company:      TAKKT AG
              Presselstr. 12
              70191 Stuttgart
Phone:        +49 (0)711 346 58 -0
Fax:          +49 (0)711 346 58 - 10
E-mail:       investor@takkt.de
Internet:     www.takkt.de
ISIN:         DE0007446007
WKN:          744600
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
              Freiverkehr in Berlin, Düsseldorf, München
End of Announcement                             DGAP News-Service

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