DGAP-News: TAKKT AG / Key word(s): Takeover
P R E S S R E L E A S E
XXL Horeca is an e-commerce business specialized in food service supplies. The company primarily supplies business customers, such as hotels, restaurants, cafeterias and catering companies. Established in 2013, the company is based in the Dutch city of Wormerveer, has over 20 employees and sells catering supplies - particularly kitchen utensils and equipment as well as presentation utensils. Their product range includes around 21,000 items, which are exclusively sold online. The majority of products are sent directly by the supplier to the customer via drop shipment. XXL Horeca relies heavily on private label brands, has a high level of product expertise and offers attractive value for money. TAKKT Management Board member Heiko Hegwein, responsible for the Newport group, said: "XXL Horeca will benefit from the Newport network, which will allow it to strengthen its competitive position."
The catering supplier is active as a one-stop shop in the Netherlands, Belgium and France, and has also been selling in Germany and Austria since February 2019. Founder Julian van Vliet and his management team will remain in charge of operations. "We are very happy that, from now on, we will continue promoting the strong growth of recent years together with TAKKT," said van Vliet.
The purchase price amounts to EUR 19.5 million. TAKKT is financing the acquisition using free credit lines. In addition, a further two-level potential and variable purchase price share (earn out) was agreed. The amount of the payout depends on whether the company achieves the performance goals set and would be payable in 2020 and 2022.
About TAKKT AG
03.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Phone:||+49 (0)711 3465 80|
|Fax:||+49 (0)711 3465 8104|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Tradegate Exchange|
|EQS News ID:||806905|
|End of News||DGAP News Service|