HöRMANN INDUSTRIES GMBH EQS-Adhoc: HÖRMANN Automotive GmbH sells further subsidiary
Transparency directive : regulatory news
27/09/2023 09:30
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EQS-Ad-hoc: Hörmann Industries GmbH / Key word(s): Strategic Company Decision/Disposal
HÖRMANN Automotive GmbH sells further subsidiary
27-Sep-2023 / 09:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
HÖRMANN Automotive GmbH sells further subsidiary
Kirchseeon, 27 September 2023 - HÖRMANN lndustries GmbH (corporate bond, ISIN: NO0012938325) announces that HÖRMANN Automotive GmbH signed a contract on the sale of 100% of the shares in HÖRMANN Automotive Eislingen GmbH the previous evening. The sale is to an investment company of Rheingold Capital SE, a group specializing in carve-outs with offices in Germany and the Netherlands. The Rheingold Capital team has extensive experience in developing industrial companies in specific niches and focuses on long-term investments with a sustainable growth approach.
HÖRMANN Automotive Eislingen GmbH specializes in the production of tanks and containers for buses, agricultural and construction machinery as well as covers and flap systems for buses.
With Rheingold Capital, a new shareholder has been found with the experience and expertise to further develop the company in the challenging environment, to increase value-added efficiency and to open up new growth opportunities. As a long-term investor, Rheingold Capital attaches great importance to the sustainable development of the company.
The parties have agreed not to disclose the purchase price and the contractual details. The execution of the contract is subject to conditions precedent. The transaction is expected to be closed by the end of October 2023.
Contact:
HÖRMANN lndustries GmbH
Celina Begolli
Hauptstraße 45-47
D-85614 Kirchseeon
T +49 809156300
F +49 80915630195
presse@hoermann-gruppe.com
End of Inside Information
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