DGAP-News: Grammer AG / Key word(s): Acquisition
Grammer AG acquiring metal and plastics specialist Reum
22.10.2015 / 18:53
---------------------------------------------------------------------
Grammer AG acquiring metal and plastics specialist Reum
-Extension of process and manufacturing technology and product range
expansion
-Excellent strategic fit for Grammer's growth strategy
-Financing via Grammer AG's existing credit facilities
Amberg, October 22, 2015 - Grammer AG, a global supplier of automotive
interior components and a leading producer of seating systems for
commercial vehicles, is acquiring Reum Group, a leading specialist in
surface, plastics and metal technology. In this way, the Grammer Group will
be systematically continuing its strategy of acquiring technology companies
for a targeted broadening and enhancing of its own product range. Reum is
specialized in developing and manufacturing high-quality, design-oriented
metal and plastic combinations, interior components and surface refinements
for the automotive industry. REUM Group has around 950 employees and
generated sales of around EUR 130 million in 2014 and will support the
ambitious profitability targets of Grammer Group.
Perfect strategic fit
With this acquisition, Grammer is extending its own technological
capabilities in plastic injection molding processes, surface finishing,
metalworking and system joining technology. These process and production
technologies will allow the group to additionally develop its product range
- particularly in automotive interiors - swiftly and in line with future
requirements.
At the same time, it will be acquiring Reum's existing product range and
customer base. As a long-standing development partner with production
facilities in Germany and Poland, Reum supplies premium automotive OEMs and
the large system suppliers in Germany in particular. Its product range for
the automotive industry includes high-quality surface refinements, panels,
air vents and grilles for center consoles and instrument panels, interior
components and metal or plastic loudspeaker grilles.
Consequently, Grammer will be able to enhance the scope of delivery and the
existing product portfolio of its center console deliveries particularly
thanks to the strong capabilities which Reum possesses in surface
technology and tool making.
Moreover, Grammer's superb global presence and long-standing expertise as a
leading supplier in the interior segment offer a strong basis for
additional potential for international growth in particular in Asia and in
the NAFTA region. The existing and extended product range will be sold to a
substantially broader global customer base in the future.
High growth potential through successful acquisition of new projects
On the basis of current sales of around EUR 130 million, organic topline
growth of a total of more than 25% is planned over the coming five years in
the light of current order books, new projects successfully acquired and
further strategic potentials.
Grammer is buying 100% of the Reum Group's share capital from H.T.P.
Investments B.V. and Palatium Beteiligungsgesellschaft UG as well as H.T.P.
Automotive GmbH. The transaction is being financed via Grammer AG's
existing credit facilities. The acquisition is still subject to antitrust
clearance.
Additional expertise to address future sector trends
"We have found in the Reum Group an ideal partner for Grammer's continued
successful development. Technological trends and the increasingly higher
quality of automotive interior promise strong future potential for
components suppliers. With the acquisition of the Reum Group, we will be
gaining valuable expertise and crucial technological capabilities in core
processes which will help us to strengthen our competitive position, says
Hartmut Müller, Chief Executive Officer of Grammer AG. "At the same time,
the technologically sophisticated products will also help the Grammer Group
to achieve its ambitious growth and profitability targets," he adds.
Company Profile
GRAMMER AG, Amberg, Germany, specializes in the development and production
of components and systems for automotive interiors as well as driver and
passenger seats for utility and offroad vehicles. In the Automotive
Division, we supply headrests, armrests and center console systems to
premium automakers and automotive system suppliers. The Seating Systems
Division comprises the truck and offroad seat segments as well as train and
bus seats.
Grammer is represented in 20 countries worldwide with a workforce of over
11,000 employees across its 30 subsidiaries.
The GRAMMER share is listed in the SDAX and traded on the Frankfurt and
Munich stock exchanges via the electronic trading system Xetra as well as
in over-the-counter trading at the Stuttgart, Berlin and Hamburg stock
exchanges.
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com
---------------------------------------------------------------------
22.10.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations@grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Stuttgart
End of News DGAP News Service
---------------------------------------------------------------------
404991 22.10.2015
DGAP-News: Grammer AG acquiring metal and plastics specialist Reum
| Source: EQS Group AG