29.07.2016 10:08:36
|
DGAP-News: Braas Monier Building Group S.A.
DGAP-News: Braas Monier Building Group S.A. / Key word(s): Mergers &
Acquisitions
Braas Monier closes acquisition of Ontop B.V. (Ontop), a European
manufacturer of steel chimneys
29.07.2016 / 10:08
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Braas Monier closes acquisition of Ontop B.V. (Ontop), a European
manufacturer of steel chimneys
Luxembourg, 29 July 2016. Yesterday Braas Monier closed the acquisition of
Ontop B.V., a well-established European manufacturer of stainless steel
flue systems, with end-product applications ranging from industrial bakery
ovens, diesel and gas engines, boilers, fire places and stoves. The
Enterprise Value (EV) of Ontop, determined on the basis of 2015 figures
reported, amounts to EUR 15.2 million, including net debt of EUR 3.6
million and additional cost of approx. EUR 1 million related to the
acquisition and the generation of the expected synergies. For 2015, Ontop
reported revenues of EUR 21.7 million and an Operating EBITDA of EUR 2.2
million. Including substantial synergies, which Management believes to
achieve within the next three years, EV / EBITDA is expected to reach
approx. 5x.
For further information, please visit our website at www.braas-monier.com > Investor Relations.
About Braas Monier Braas Monier Building Group is a leading manufacturer and supplier of pitched roof products in Europe, parts of Asia and South Africa. The Group covers all steps of the manufacturing process, offering a comprehensive range of concrete and clay tiles for pitched roofs and is one of the few suppliers to also manufacture and sell complementary roofing components designed to cover various functional aspects of pitched roof construction. The portfolio also includes ceramic and steel chimneys and energy system solutions. Braas Monier had operations in 36 countries and 118 production facilities and employed around 7,700 people as at 30 June 2016. The Company is headquartered in Luxembourg.
Contact Achim Schreck, Director Group Communications / Investor Relations Braas Monier Building Group
Tel: +49 6171 61 28 59 E-mail: achim.schreck@monier.com Website: www.braas-monier.com
---------------------------------------------------------------------------
29.07.2016 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: Braas Monier Building Group S.A. 4, rue Lou Hemmer 1748 Senningerberg Grand Duchy of Luxembourg Internet: www.braas-monier.com ISIN: LU1075065190 WKN: BMSA01 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service ---------------------------------------------------------------------------
487531 29.07.2016
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Braas Monier Building Group S.A.mehr Nachrichten
Keine Nachrichten verfügbar. |