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Ad-Hoc Announcement pursuant to Section 15 of the German Securities Trading Act (WpHG]

INDUS acquires supplier of logistics technology Budde-Group


Bergisch Gladbach, January 29, 2013 - INDUS Holding AG (ISIN DE0006200108, WKN 620010, INH), an SDAX listed company, has agreed on 29 January 2013 the purchase of 75 % of the shares in the medium sized enterprise Budde group in Bielefeld. With this purchase INDUS has entered into the attractive industry segment of infrastructure and logistics, one of the sectors defined as strategic target industries by INDUS. For INDUS this acquisition is an important step in consistently following an articulate growth strategy with a focus on industrial markets of the future.

Budde group with its locations in Bielefeld, Schmalkalden (in the German state of Thuringia) and Kamen (Northrhine-Westfalia) is one of the leading suppliers of general material and bulk conveyor systems. The company supplies mechanical as well as fully automated systems. In the fiscal year 2011 the approx. 170 employees of Budde group generated a turn over of approx. 50 million Euro. 80 % of the customers of Budde group belong to the courier, express and parcel service sector. As a consequence of a boom of e-commerce this market is growing very dynamically. Further customers belong to the food and beverages and to the automotive industry.

The price to be paid for the acquisition ranges between a lower and medium two digit million Euro amount. The sustainable profitability of Budde group corresponds with the published requirements of INDUS of an EBIT margin of more than 10 %.

The transfer of shares is agreed to take place with economic effect as of 1 January 2013; the transfer is made under the condition precedent of merger control clearance. One of the shareholders, Jürgen Budde, will continue to build the activities of the group after the sale as a 25% shareholder and as a managing director.