UK markets closed
  • FTSE 100

    7,051.48
    -26.87 (-0.38%)
     
  • FTSE 250

    23,608.79
    -221.39 (-0.93%)
     
  • AIM

    1,266.98
    -5.42 (-0.43%)
     
  • GBP/EUR

    1.1661
    -0.0022 (-0.19%)
     
  • GBP/USD

    1.3681
    -0.0040 (-0.29%)
     
  • BTC-GBP

    31,193.63
    -560.42 (-1.76%)
     
  • CMC Crypto 200

    1,067.20
    -35.86 (-3.25%)
     
  • S&P 500

    4,455.48
    +6.50 (+0.15%)
     
  • DOW

    34,798.00
    +33.18 (+0.10%)
     
  • CRUDE OIL

    73.95
    +0.65 (+0.89%)
     
  • GOLD FUTURES

    1,750.60
    +0.80 (+0.05%)
     
  • NIKKEI 225

    30,248.81
    +609.41 (+2.06%)
     
  • HANG SENG

    24,192.16
    -318.82 (-1.30%)
     
  • DAX

    15,531.75
    -112.22 (-0.72%)
     
  • CAC 40

    6,638.46
    -63.52 (-0.95%)
     

SBF signs letter of intent to acquire electronics company

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

DGAP-News: SBF AG / Key word(s): Letter of Intent/Takeover
07.09.2021 / 08:30
The issuer is solely responsible for the content of this announcement.

SBF signs letter of intent to acquire electronics company

Leipzig, September 07, 2021 - SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, "SBF"), a listed supplier of LED lighting systems for rolling stock and industry, plans to take the next step in its growth by acquiring a successful German electronics company. The Management Board has signed a letter of intent for the acquisition of a majority stake. Subject to a positive outcome of the due diligence process, which is due to begin shortly, the transaction is expected to be completed successfully. With the acquisition, SBF would further increase its value creation depth, improve the company's earnings, financial and asset position, and benefit from extensive synergy effects.

Rudolf Witt, Member of the Management Board of SBF AG comments: "The recently published half-year figures and the full order books show that we are well on track also from an operational point of view. In order to further strengthen our business and grow even more dynamically, we are always seeking suitable takeover candidates in our market environment. In this context, the signing of the letter of intent is a consequent step."

The takeover candidate is a long-standing, successful and owner-managed electronics company from Germany with annual sales in the high single-digit million range and an EBIT margin of more than ten percent. The company has modern machinery and would significantly strengthen the SBF Group's value chain with its portfolio of products and services. In addition, the Management Board expects the takeover to generate high synergy effects in the two business units "Rolling Stock" and "Industrial Lighting".

The majority shareholding would further strengthen the company's own growth story. SBF expects a significant increase in sales and earnings in the coming years due to the ongoing positive operating development and intended acquisitions. Further details on this transaction will be published after a positive conclusion of the due diligence process. In addition, the SBF Management Board is currently in talks with further takeover candidates.

About SBF Group:
SBF is a listed supplier of LED lighting systems for rolling stock and industry. With its focus on energy-efficient LED lighting, SBF is benefiting from the megatrends of climate protection and urbanization and expects double-digit growth rates in the coming years.

In the "Rolling Stock" business area, SBF is a tier 1 supplier of complex ceiling and lighting systems for the world's leading rolling stock manufacturers. Strong technological competence, high vertical integration and customized customer solutions are the basis for a leading market position. In the "Industrial Lighting" business area, SBF offers modern and smart LED systems for efficient lighting of roads, railroad stations and industrial plants.

For more information, visit https://www.sbf-ag.com.

Company contact:

SBF AG

Management Board
Zaucheweg 4
04316 Leipzig
Germany
Phone: +49 (0)341 65235 894
Mail: info@sbf-ag.com

Press contact:

Kirchhoff Consult AG

Alexander Neblung
Borselstraße 20
22765 Hamburg
Germany
Tel: +49 (0)40 60 91 86 70
E-Mail: sbf@kirchhoff.de
 


07.09.2021 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:

SBF AG

Zaucheweg 4

04316 Leipzig

Germany

Phone:

+49 (0)341 65235894

E-mail:

info@sbf-ag.com

Internet:

www.sbf-ag.com

ISIN:

DE000A2AAE22

WKN:

A2AAE2

Listed:

Regulated Unofficial Market in Berlin, Frankfurt, Munich (m:access), Stuttgart

EQS News ID:

1231544


 

End of News

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting