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euro adhoc: A-TEC Industries AG / Mergers - Acquisitions - Takeovers / A-TEC Industries AG acquires Gindre Duchavany S.A.
Geschrieben am 21.03.2007 - [Nächster Artikel] |
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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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21.03.2007
A-TEC Industries AG acquires Gindre Duchavany S.A.
Minerals & Metals GmbH, a wholly owned subsidiary of international
industrial group A-TEC Industries AG, Vienna, (ISIN
AT00000ATEC9), today signed an agreement to acquire 100% of Gindre
Duchavany S.A., France.
The purchase price was not disclosed. Closing is expected to take
place in a few weeks, when approval by the relevant competition
authorities has been received.
Both the seller and the purchaser are in agreement that the
considerable synergies resulting from the new grouping, combined with
the global presence of A-TEC Group, will contribute to the
continuing long-term stability of the Gindre Group.
Gindre Duchavany is among Europe's leading producers of
semi-finished copper products (bars, rods and shapes), together with
parts and components for the electrical industry, and is
headquartered in Lyon. In 2006 it had 450 employees and sales in
excess of EUR 300m. Gindre Duchavany has additional production
facilities in France, Germany, Spain, the UK and the USA, and,
together with local partners, a distribution network in Asia.
A-TEC Group's most recent acquisition will be merged into the
Minerals & Metals Division, of which Montanwerke Brixlegg forms
the core. Gindre Duchavany's electrical engineering components are
an ideal fit to the existing business, and will round out the
Division's product portfolio.
About A-TEC Industries Vienna listed A-TEC Industries AG is a
Vienna-based international industrial group with successful
operations in drive systems, plant engineering, machine tools and
metallurgy. The Group currently employs around 11,000 people, and
the preliminary results for 2006 show sales revenues of EUR 1.6 bn.
About Montanwerke Brixlegg AG Montanwerke Brixlegg Aktiengesellschaft
is based in Brixlegg in Tirol. Its sales for financial 2006
were EUR 506.1m. (preliminary results). In 2006 it employed
around 280 people at Brixlegg, and about 270 people at Krompachy
in Slovakia.
end of announcement euro adhoc 21.03.2007 18:13:11
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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.de
Further inquiry note:
Pressestelle A-TEC Industries AG
Mag. Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Tel: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at
Branche: Holding companies
ISIN: AT00000ATEC9
WKN:
Index: ATX Prime
Börsen: Wiener Börse AG / regulated dealing/prime standard
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