Brief: Dürr AG Says Acquired 100% Of Shares In Rome Holdco GmbH, Holding Company Of BBS Automation

Duerr AG

12/06/2023 23:22

June 12 (Reuters) - Duerr Ag  DUEG.DE :
    * EQS-ADHOC: DÜRR AG STRONGLY EXPANDS AUTOMATION BUSINESS
WITH
ACQUISITION OF BBS AUTOMATION
    * DÜRR ACQUIRES 100% OF SHARES IN ROME HOLDCO GMBH (MUNICH),
HOLDING COMPANY OF BBS AUTOMATION
    * AS A RESULT OF COMPLETE TAKEOVER, SALES REVENUES IN
AUTOMATION
TECHNOLOGY WILL MORE THAN DOUBLE AND REACH AROUND EUR 500
MILLION IN 2024
    * ENTERPRISE VALUE OF BBS AUTOMATION IS BETWEEN EUR 440
MILLION
AND EUR 480 MILLION
    * FINANCING OF TRANSACTION WILL BE PROVIDED FROM CASH FLOW
AS WELL
AS THROUGH EXISTING FINANCING INSTRUMENTS AND A BRIDGING LOAN
    * IN 2023, BBS AUTOMATION IS EXPECTED TO ACHIEVE SALES OF
AROUND
EUR 300 MILLION
    * FOUNDER JOSEF WILDGRUBER WILL CONTINUE TO MANAGE BBS
AUTOMATION
    * DÜRR GROUP'S BUSINESS FIGURES FOR 2023 WILL NOT BE
MATERIALLY
IMPACTED BY ACQUISITION
    * FOR 2026, SALES OF EUR 400 MILLION TO EUR 450 MILLION AND
AN
EBITDA MARGIN OF 13% TO 15% ARE EXPECTED
    * DUERR- FORECAST FOR NET FINANCIAL STATUS AS OF DECEMBER
31, NOW 
AT EUR -490 TO EUR -540 MILLION

Source text for Eikon:  ID:nEQ620dDja 
Further company coverage:  DUEG.DE 

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