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exceet Group SCA: Sale of Lucom GmbH Elektrokomponenten & Systeme

·2-min read

exceet Group SCA / Key word(s): Disposal/Disposal
exceet Group SCA: Sale of Lucom GmbH Elektrokomponenten & Systeme

31-Aug-2022 / 17:18 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Ad hoc Announcement


Sale of Lucom GmbH Elektrokomponenten & Systeme

 

Grevenmacher, 31. August 2022 – exceet Group SCA ("exceet") today signed an agreement with Kontron AIS GmbH, a subsidiary of Kontron AG, for the sale of its portfolio company Lucom GmbH Elektrokomponenten & Systeme ("Lucom"). Lucom is a full service provider of smart IoT and M2M devices, software and safety products. The transaction is not subject to any conditions and is expected to complete on 1 September 2022. The agreed sales price is EUR 5 million and increases the cash and cash equivalents less transaction costs of the exceet Group to around EUR 117 million.

 

Since announcement of the sale process at the end of June 2021, exceet has reported Lucom as "discontinued operation" in accordance with the IFRS accounting standards.

 

With the sale of Lucom, the exceet Group has sold its last remaining operating business and is currently focusing on reinvesting the available liquid funds.

 

Further information:

 

Hendrik von Gregory

Email: investor.relations@exceet.com

exceet Group SCA

17, rue de Flaxweiler

L-6776 Grevenmacher

Luxemburg

Telefone +352 28 38 47 20

 

ISIN:  LU0472835155

WKN:  A0YF5P

Listed: Regulated Market of the Frankfurt Stock Exchange (Prime Standard)

 

About exceet

exceet is a listed holding company pursuing an opportunistic investment approach without a defined investment strategy. The investment focus is on seizing attractive risk / reward profiles without restrictions regarding the asset class, structure or duration of such investments.

31-Aug-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

exceet Group SCA

17, rue de Flaxweiler

6776 Grevenmacher

Luxemburg

Phone:

+352 2838 4720

Fax:

+352 2838 4729

E-mail:

info@exceet.com

Internet:

www.exceet.com

ISIN:

LU0472835155, LU0472839819

WKN:

A0YF5P, A1BFHT

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1432709


 

End of Announcement

DGAP News Service

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