INDUS acquires full ownership of MIGUA Group
Bergisch Gladbach, 12 September 2005 – INDUS Holding AG (ISIN DE0006200108) has announced the acquisition of 100% of the shares in 1. Migua Beteiligungsgesellschaft mbH from a fund managed by Berenberg Private Equity (BPE), Hamburg. Operating through two subsidiaries, Migua Fugensysteme GmbH & Co. KG and MAPOTRIX Dehnfugen GmbH & Co. KG, the Migua Group is a leading supplier of profile systems for covering movement joints. The Wülfrath-based company is the clear market leader in Germany and holds a strong market position in Europe. Employing more than 80 people, the Migua Group reported approximately EUR 15 million in sales last year.
Operational responsibility remains with the long-serving managing directors who will ensure the continuity of the company’s business policies.
“The acquisition of the profitable Migua Group means that we now have 42 attractive mid-sized companies in our investment portfolio,“ said Helmut Ruwisch, Chairman of the Managing Board of INDUS Holding AG. Already in July INDUS completed the takeover of the system supplier Selzer. Supported by the positive Q2 performance of the existing investee companies, the addition of these two new companies clearly strengthens the company’s prospects of meeting the 2005 sales and profit growth targets indicated at the beginning of the year. Benefiting from a comfortable liquidity position, INDUS is well placed to expand its investment portfolio going forward.
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