TAKKT sells the Plant Equipment Group

TAKKT AG / Key word(s): Strategic Company Decision

02.01.2015 / 07:29

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.

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 more than 200,000 products for the areas of plant and warehouse equipment, office furniture, transport packaging, display articles, supplies for retailers, the food service industry and the hotel market.

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
We would like to invite you to address your questions to the Management Board. On Monday, January 5th 2015, 3 pm (CET), we will be hosting a conference call. Please dial any of the numbers below and enter the following code: 779134#

Germany: +49 69 201 744 220
UK: +44 207 153 9154
US: +1 877 423 0830

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

Email: investor@takkt.de

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