24.05.2016,
3072 Zeichen
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
Mergers - Acquisitions - Takeovers
24.05.2016
Bergheim, 24 May 2016
The PALFINGER Group intends to acquire 100 per cent of the shares in Herkules
Harding Holding AS and thus, the globally operating Harding Group. The seller
is the Norwegian private equity fund Herkules. Harding is one of the leading
suppliers of lifesaving equipment and lifecycle services for maritime
installations and ships. Through this acquisition, PALFINGER will add new
products and an international service network to its marine business.
This undertaking was adopted by the Supervisory Board and Management Board of
PALFINGER AG today. Subject to the positive outcome of the due diligence audit
and the final negotiations, the signing is scheduled to take place in the
coming weeks. The acquisition of Harding by PALFINGER is contingent on the
approval of the authorities.
Harding is headquartered in Seimsfoss, Norway, and, with its comprehensive
service network, maintains operations in 16 countries around the world. With a
staff of approx. 800 employees, the company recorded revenue of around EUR 140
million in 2015.
This would be the largest acquisition carried out in the history of the
PALFINGER Group. PALFINGER's marine business would almost double its business
volume and, with more than EUR 300 million, contribute substantially more than
20 per cent to the Group's revenue in the future. The service segment would
gain in importance immensely. With Harding, PALFINGER would come a huge step
closer to its strategic aim of becoming an integrated supplier of marine deck
equipment with global service locations.
+++
About PALFINGER AG For many years PALFINGER has been one of the world's leading
manufacturers of innovative lifting solutions for use on commercial vehicles
and in the maritime field. As a multinational group headquartered in Salzburg,
the Company, which has approx. 8,995 employees, generated total sales of
approx. EUR 1,229.9 million in 2015.
The Group has production and assembly facilities in Europe, in North and South
America, as well as in Asia. The pillars of corporate strategy comprise
innovation and the further internationalization as well as the growing
flexibility of products, services and processes. PALFINGER is regarded not only
as the market leader, but also the technology leader, in the global market for
hydraulic loader cranes. PALFINGER is always in proximity to its customers due
to its over 5,000 sales and services centres located in over 130 countries
across all continents.
end of announcement euro adhoc
issuer: Palfinger AG
Lamprechtshausener Bundesstraße 8
A-5020 Salzburg
phone: 0662/2281-81101
FAX: 0662/2281-81070
mail: ir@palfinger.com
WWW: www.palfinger.ag
sector: Machine Manufacturing
ISIN: AT0000758305
indexes: Prime Market
stockmarkets: official market: Wien
language: English
Digital press kit:
http://www.ots.at/pressemappe/1659/aom
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Palfinger
Akt. Indikation: 21.15 / 21.45
Uhrzeit: 13:03:42
Veränderung zu letztem SK: 1.19%
Letzter SK: 21.05 ( 0.72%)
Bildnachweis
1.
Palfinger mit neuerlichem Umsatz- und Ergebnisrekord, Seite 1/2, komplettes Dokument unter http://boerse-social.com/static/uploads/file_956_palfinger_mit_neuerlichem_umsatz-_und_ergebnisrekord.pdf
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