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SBF signs letter of intent to acquire a specialist in interior design for trains

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DGAP-News: SBF AG / Key word(s): Letter of Intent/Takeover
09.11.2021 / 08:30
The issuer is solely responsible for the content of this announcement.

SBF signs letter of intent to acquire a specialist in interior design for trains

Leipzig, November 9, 2021 - SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, 'SBF'), a listed supplier of LED lighting systems for rolling stock and industry, is taking another important step in implementing its growth strategy. SBF's Management Board has signed a letter of intent with a German train interiors company for a majority investment. Due diligence will begin shortly, the positive outcome of which is a prerequisite for the successful completion of the acquisition. SBF expects the transaction to bring far-reaching synergy effects and an expansion of its product range.

Rudolf Witt, Member of the Management Board of SBF AG comments: 'We regularly evaluate options to strategically expand and further optimize our product portfolio. In our 'Rolling Stock' business unit, we want to grow further and are focusing on interior components for passenger trains. The acquisition of a specialist for complementary interior products is a perfect addition to our existing successful product portfolio.'

The takeover candidate is a long-standing successful medium-sized company specializing in passenger train interiors. The interior products for rail vehicles are manufactured in a modern machine park in Germany. Annual sales are in the high single-digit million range.

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 a takeover candidate specializing in electronic components.

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
Tel: +49 (0)341 65235 894
E-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


09.11.2021 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:

1247113


 

End of News

DGAP News Service

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