ARQUES Industries AG / Acquisition
28.04.2008
Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ARQUES Iberia takes over Spanish transport service provider, ASM
- Continuation of international expansion
- ASM with revenues of more than EUR 45 million
- Acquisition pipeline filled well
Starnberg, April 28, 2008 - ARQUES Iberia, the Spanish subsidiary of ARQUES
Industries AG (ISIN DE0005156004) based in Starnberg, took over all shares
in the parcel delivery service, Agencia Servicios Mensajeria (ASM), Madrid,
for a symbolic purchase price. The company is represented in Spain,
Portugal and Andorra. The seller is the Grupo Agbar, one of the largest
Spanish industrial holdings, and the company Noray SL.
ASM undertakes courier, transport and special logistics services for major
customers in the telecommunications, banking and insurance segments as well
as the pharmaceutical industry. ASM has approximately 350 employees and 50
branch offices in Spain, Portugal and Andorra. The company generated
revenues to the value of more than EUR 45 million in 2007.
With this transaction ARQUES continues its international expansion strategy
which began in 2006. The ASM transaction is the third takeover in Spain. At
present ARQUES has international business activities in Austria, Spain and
Switzerland. Hereby ARQUES opens up interesting growth potential based on
its successfully established and internationally unique business model.
'The takeover of the courier service, ASM, is a typical ARQUES transaction:
symbolic purchase price, high restructuring and exit potential. In
addition, the takeover proves that ARQUES has established itself in Spain
as a business partner of conglomerates regarding spin-offs of subsidiaries
no longer belonging to the core business. The acquisition pipeline is well
filled and we are expecting to announce further transactions shortly', said
ARQUES chairman of the executive board, Dr. Michael Schumann.
The takeover is the first of a total of 10 to 15 acquisitions planned for
2008. In addition, ARQUES wants to sell between 5 and 7 successfully
restructured subsidiaries in the current year. With Missel, Oxiris and
Jahnel-Kestermann, ARQUES has already sold 3 companies from its investment
portfolio this year.
Tribeca Abogados supported ARQUES Iberia in the transaction.
About ARQUES
ARQUES Industries AG, Starnberg, (www.arques.de), is a business partner of
conglomerates regarding company spin-offs and a turnaround specialist who
focuses on the acquisition and the active restructuring of companies in
transitional situations, in order to develop these, with its own team and
own resources, to competitive enterprises with a positive yield. ARQUES
revitalises its subsidiaries' potential for creating value for the benefit
of all its stakeholders, taking on the relevant social responsibility. The
shares of ARQUES Industries AG are traded in the regulated market (Prime
Standard) of the Frankfurt Stock Exchange under the symbol 'AQU' (ISIN:
DE0005156004) and are listed in the MDAX as of October 1, 2007.
Contact
ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Email: luedemann@arques.de
Public Relations
Christian Schneider
Email: schneider@arques.de
Tel.: +49 (0) 8151/ 651 0
DGAP 28.04.2008
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Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: luedemann@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: ARQUES Iberia takes over Spanish transport service provider, ASM
| Source: EQS Group AG