Grammer AG / Key word(s): Acquisition
26.07.2011 18:53
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement pursuant to section 15 WpHG
GRAMMER AG (WKN 589540, ISIN DE0005895403)
Amberg, July 26, 2011 - Grammer AG, leading supplier of automotive
interiors and seating systems, has aquired 100% of equity in Belgian
electronics specialist EiA Electronics N.V., based in Aartselaar, Belgium,
from VADO (van doorne's) Financieringsmaatschappij N.V. and DACO N.V., the
previous owners. With the purchase, Grammer is expanding its technological
competence in the area of electronics. EiA Electronics specializes in
development, integration and distribution of electronic components for
commercial vehicles.
The acquisition of EiA Electronics is a further step of Grammer Group's
declared medium-term strategy of expansion along the value chain.
EiA Electronics has roughly 50 employees and generated revenue of
approximately EUR 20 million in 2010. The company will remain as a brand
within Grammer Group. Grammer paid EUR 10.5 million for the acquisition of
EiA Electronics, financed by proceeds from the capital increase by Grammer
AG in April of this year.
GRAMMER AG
The Executive Board
GRAMMER AG
Ralf Hoppe
VP Investor Relations
26.07.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Grammer AG has aquired EiA Electronics N.V.
| Source: EQS Group AG