Brief: Blue Cap AG Acquires Transline Gruppe GmbH And Raises Forecast For The 2022 Financial Year

Blue Cap AG

02/03/2022 21:37

March 2 (Reuters) - Blue Cap AG  B7EG.DE :
    * DGAP-ADHOC: BLUE CAP AG ACQUIRES TRANSLINE GRUPPE GMBH AND
RAISES FORECAST FOR THE 2022 FINANCIAL YEAR
    * BLUE CAP AG  B7EG.DE  - AGREED TO ACQUIRE A QUALIFIED
MAJORITY
STAKE OF 74 % IN TRANSLINE GRUPPE GMBH AND ITS FIVE OPERATING
SUBSIDIARIES 
    * BLUE CAP AG  B7EG.DE  - FOUNDER AND CURRENT CO-OWNER OF
TRANSLINE, DR. STURZ, WILL CONTINUE TO HAVE A SUBSTANTIAL STAKE
OF 26 % IN COMPANY
    * BLUE CAP AG  B7EG.DE  - DEAL REACHED AGAINST PAYMENT OF A
PURCHASE PRICE IN LOWER THIRD OF DOUBLE-DIGIT MILLION RANGE
    * BLUE CAP AG  B7EG.DE  - CO NOW EXPECTS FY REVENUES OF
AROUND EUR
305-325 MILLION
    * BLUE CAP AG  B7EG.DE  - REVENUE AND EARNINGS FORECAST IS
SUBJECT
TO POSSIBLE FURTHER CORONAVIRUS EFFECTS AND M&A TRANSACTIONS 
    * BLUE CAP AG  B7EG.DE  -  CO NOW EXPECTS FY ADJUSTED EBITDA
MARGIN OF 9-10 %
    * BLUE CAP AG  B7EG.DE  - REPERCUSSIONS OF RUSSIA-UKRAINE
WAR HAVE
NOT YET BEEN DEFINITIVELY ASSESSED AND MAY SUBSEQUENTLY ALTER
FORECAST
    * BLUE CAP - DIRECT TRANSACTIONS WITH RUSSIA ACCOUNT FOR
WELL
BELOW 1 % OF GROUP SALES, AND POSSIBLE INDIRECT IMPACT IS STILL
UNCLEAR 
    * BLUE CAP AG - IT IS PLANNED THAT OPERATIONAL MANAGEMENT
TEAM
WILL ACQUIRE STAKE OF AROUND 5 % IN TRANSLINE FROM BLUE CAP AG
WITHIN NEXT FEW MONTHS
    * BLUE CAP AG  B7EG.DE  - ACQUISITION IS EXPECTED TO BE
COMPLETED
ON 4 MARCH 2022

Source text for Eikon:  ID:nEQbNLKnfa 
Further company coverage:  B7EG.DE 

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