DGAP-News: UMT United Mobility Technology AG / Key word(s): Capital Increase/Investment
Munich, 09 February 2021
Corporate News for inside information pursuant to Article 17 of Regulation (EU) No. 596/2014 of 09 February 2021
UMT AG launches realignment to become value-oriented "TechnologyHouse" and acquires BUCHBERGER Group
Instead of focusing solely on the highly competitive market for mobile payments, the company intends to use its expert knowledge to tap new growth and value potential across industry boundaries. The focus is on industries that are future-oriented and crisis-resistant, as well as having a low level of digitization in the B2B and B2C sectors. The aim is to accelerate growth momentum in the course of digitization and to generate significant revenue and earnings growth as well as steady cash flows by consolidating the overall market addressed.
With the complete takeover of Buchberger Baugeraete Handel GmbH and Buchberger Baumaschinen Vermietung und Service GmbH (the "BUCHBERGER Group") based in Ingolstadt, Germany, UMT is taking the first step in its newly defined "buy and build" strategy. The acquisition is being made as part of a capital increase through contributions in kind, excluding subscription rights, by issuing 2,937,500 new shares at a price of EUR 8.00.
As a so-called "full-range supplier", the BUCHBERGER Group (www.buchbergergmbh.de) has been a competent partner with state-of-the-art technology for all topics relating to building construction and civil engineering as well as gardening and landscaping for over 50 years. The entire BUCHBERGER Group generated revenues of around EUR 20 million in 2020, with EBITDA of approximately EUR 3.5 million. The acquisition is an important building block in the strategic realignment of UMT AG and ideal-typical for its future focus. The BUCHBERGER Group has been established in the market for many years, still operates predominantly "analog" and runs a profitable business with solid growth rates, minimal leverage and predictable cash flows. Despite its very good positioning in a highly fragmented market, the company still operates largely with traditional face-to-face or stationary sales. This and the simultaneous high consolidation potential in the fragmented construction industry and the associated trade offer great opportunities for UMT to use the digitization expertise it has built up over many years to add value.
The increased importance of this expertise at UMT AG is also reflected in the addition of Dr. Juergen Schulz to the Board of Management. Dr. Schulz will contribute his experience as Managing Director of UMT subsidiary UMS United Mobile Services GmbH and will be responsible for the technology and digitization area on the Board of Management in the future.
In the digitization projects already underway within the BUCHBERGER Group, UMT is placing smartphone and web applications at the center of a completely new type of user experience that encompasses all steps from selection and payment to use and return of the product. "BUCHBERGER can thus make its portfolio accessible to a much larger audience and participate in the trend towards distance and online selling," says a delighted Dr. Juergen Schulz, who is responsible for the project as the new member of the Board of Management and CTO of UMT AG.
In the medium term, this will create the best conditions for the national, or rather future-oriented, Europe-wide "buy-and-build" strategy:
"As part of our new strategy with a buy-and-build approach, we will not only be able to realize significant revenue and earnings growth in the future, but also dividend-oriented, steady cash flows with sustainable profitability. Thanks to our excellent access to the capital market, our extensive IT experience and our expertise in the digitization of business processes, we believe that we are ideally positioned to make a significant contribution to consolidation and digitization in future-oriented and stable industries with a low level of digitization, such as the construction industry in this case. This opens up completely new perspectives for UMT - also in view of the company's size," says Dr. Albert Wahl, CEO of UMT AG.
Further detailed information on the entire transaction will be announced after registration of the capital increase in kind.
The IT and consulting expertise built up over a decade in the field of e-commerce and payment (Multi-Currency & Crypto-Money) is the basis for value-creating investments in companies with a low level of digitalization. The focus of activities is on medium-sized companies with future-oriented and stable business models. The aim is to unlock new growth potential through active further development, particularly in the area of digitization, and a forward-looking buy-and-build strategy for the specific consolidation of a fragmented market, and thus to realize significant revenue and earnings growth with sustainable profitability and steady cash flow.
09.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
UMT United Mobility Technology AG
Brienner Straße 7
+49 (0) 89 20 500 680
+49 (0) 89 20 500 555
Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
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