TAKKT AG / Key word(s): Strategic Company Decision TAKKT sells the Plant Equipment Group Stuttgart, 02 January 2015. On 31st December 2014 TAKKT Group has entered into a purchasing agreement to sell the membership interests of all companies belonging to the Plant Equipment Group (PEG) to Global Industrial, a Group company of NYSE-listed Systemax Inc. The closing of the transaction is expected to happen until the end of January 2015. With this step TAKKT will focus its activities to become an integrated multi-channel company. As a storage and material handling specialist, the PEG division, which previously belonged to the TAKKT AMERICA segment, mainly offers products for transport, storage and plant equipment to companies in the US, Canada and Mexico. In the financial year 2013 the PEG generated a turnover of 104 million US dollars. The PEG combines the direct marketing brands C&H, Avenue and Industrial Supplies. The agreed purchase price (free of financial debt) is 25 million US dollars. "The sale is expected to have a positive effect on profits in a low single-digit million euro range", says TAKKT CFO Claude Tomaszewski. "With the sale to the strategic competitor Global Industrial, PEG will have better opportunities to grow than it would have been the case under the TAKKT umbrella. With this step TAKKT can focus its resources to become an integrated multi-channel company", comments TAKKT CEO Felix Zimmermann. As a result of the PEG disposal, TAKKT does not expect a noticeable impact on the other North American TAKKT companies. About TAKKT AG The TAKKT Group has approximately 2,500 employees and almost three million customers worldwide. TAKKT AG is listed on the SDAX and has been in the Deutsche Boerse Prime Standard since January 1, 2003. Conference Call Germany: +49 69 201 744 220
Email: investor@takkt.de 02.01.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | TAKKT AG | |
Presselstr. 12 | ||
70191 Stuttgart | ||
Germany | ||
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 News | DGAP News-Service |
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