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INDUS Holding AG: INDUS Group acquires control room specialist

·4-min read

DGAP-News: INDUS Holding AG / Key word(s): Takeover
18.11.2020 / 12:34
The issuer is solely responsible for the content of this announcement.

INDUS Group acquires control room specialist

Bergisch Gladbach, 18 November 2020 - INDUS Holding AG, a listed German holding company, will acquire all shares in Jungmann Systemtechnik GmbH & Co. KG (JST) headquartered in Buxtehude from the two company founders. Established in 2001, the highly profitable supplier of integrated control room solutions generates annual sales of around EUR 12 million. Following the acquisition, INDUS will unite 47 subsidiaries under its roof. The acquisition is subject to approval by the antitrust authorities.

Jungmann Systemtechnik is a medium-sized provider of comprehensive know-how in the development, construction and maintenance of control rooms. A control room centrally collects various data streams, such as machine data, inventory levels, camera images or error messages, from a variety of different source systems. These data are processed and clearly visualized in the control room to ensure reliable control and anticipatory monitoring of the operating processes. Typical fields of application include production control centers for the industrial sector, control rooms for the energy and water industry, IT control centers for computer centers or security and traffic control centers. What all these applications have in common is that they have to meet the highest security standards.

"When looking for a new owner for JST, the critical factor for us was to find an investor who would focus on the long-term development of the company and preserve its mid-market values," said Kay Hansen, co-founder and former owner of JST. "INDUS is a strong partner with whom we will address the next steps on an equal footing," Carsten Jungmann, co-founder and former owner of JST, added. "The financial and strategic support from INDUS will allow us to develop especially international markets even more purposefully." Jungmann will continue to run the company in his capacity as managing director.

With the acquisition of Jungmann Systemtechnik, INDUS will effectively strengthen its portfolio in the automation and measuring technology and control engineering sector, one of the growth industries defined by the Group in the context of its PARKOUR strategy program. "The COVID-19 crisis has once again highlighted the potential that lies in digitally oriented business models", said Dr. Johannes Schmidt, Chairman of the Board of INDUS Group. Mega trends such as the Internet of Things or Smart Factory are generating rapidly growing amounts of data. "These big data streams will further increase the demand for central control rooms," said Schmidt. "This offers exciting perspectives for the further growth of Jungmann Systemtechnik."

INDUS will continue to look for future-proof additions to its broadly diversified portfolio also in COVID-19 times. "While the M&A market was rather quiet in the first nine months of the year, there are now some interesting candidates we will take a closer look at," the INDUS Board Chairman concluded.

About INDUS Holding AG:

Established in 1989 and headquartered in Bergisch-Gladbach, INDUS Holding AG is an SME holding company which concentrates on the long-term development of its portfolio companies. The industry focus is on construction and infrastructure, automotive technology, mechanical and plant engineering, medical engineering / life sciences as well as metals technology. As a leading specialist for sustainable corporate development, INDUS attaches great importance to the operational autonomy of its 46 portfolio companies. Since 1995, INDUS Holding AG has been listed in the Prime Standard of the Frankfurt Stock Exchange (DE0006200108); in 2019, the Group generated sales of around EUR 1.74 billion. For more information on INDUS, visit www.indus.de.


Contact:
Nina Wolf & Dafne Sanac
Public Relations & Investor Relations

INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany

Tel +49 (0) 022 04 / 40 00-73
Tel +49 (0) 022 04 / 40 00-32
E-mail presse@indus.de
E-mail investor.relations@indus.de
www.indus.de


18.11.2020 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.
Archive at www.dgap.de

Language:

English

Company:

INDUS Holding AG

Kölner Straße 32

51429 Bergisch Gladbach

Germany

Phone:

+49 (0)2204 40 00-0

Fax:

+49 (0)2204 40 00-20

E-mail:

indus@indus.de

Internet:

www.indus.de

ISIN:

DE0006200108

WKN:

620010

Indices:

SDAX

Listed:

Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange

EQS News ID:

1149090


 

End of News

DGAP News Service

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