MBB Industries AG acquires CLAAS Fertigungstechnik GmbH
Plant construction specialist for the automotive industry firmly put into new hands / CLAAS with focus on further growth in agricultural technology
CLAAS Fertigungstechnik generated profitable annual sales in 2011 of more than approximately €98 100 million. Sales are expected to rise in 2012 and beyond on account of its high orders on hand.
Following the assessment of MBB Industries, the acquisition of CLAAS Fertigungstechnik GmbH will result in a significant increase in annual sales at MBB Industries AG which will total beyond to up to €200 million in 2012. This will be achieved with the Group's new headcount of more than 1,000 employees. Given the profitable operations of its new investment, the Managing Board of MBB Industries AG assumes a sustainable increase in annual earnings beyond the €0.51 per share generated in 2011. The MBB Industries board is convinced to command sufficient funding for further growth including buyouts after this acquisition.
CLAAS Managing Director Hans Lampert comments: "The transaction is encouraging for all sides, including our employees and the right step into the future. MBB Industries has set itself a long-term goal for the successful development of the company and commands the necessary means and has the right set of skills to achieve this goal."
Dr. Christof Nesemeier, CEO of MBB Industries is convinced: "CLAAS Fertigungstechnik GmbH is a perfect fit for MBB. Highly qualified and motivated staff, an excellent market position, long standing experience and last but not least a headquarter in the heart of Westphalia are all very good reasons for our acquisition decision. Alltogether, we see very favourable conditions for profitable growth of MBB Fertigungstechnik GmbH."
About MBB Industries AG
MBB Industries AG is a family-owned, medium-sized corporation that has expanded steadily as a result of organic growth and the acquisition of other companies since it was founded in 1995. Achieving a long-term increase in the value of the individual companies and the Group as a whole forms the heart of its business model. This business model has been highly profitable since the outset - substantial growth and sustainable returns will remain MBB Industries AG's goal in future as well.
CLAAS KGaA mbH
Founded in 1913, CLAAS (www.claas.com), a family-owned business, is one of the world's leading companies in agricultural engineering. Domiciled in Harsewinkel/Westphalia, Germany, CLAAS is the European market leader in combines. The company is the global market leader in a further major product category of forage harvesters. Its tractors, agricultural balers and grassland harvesting machines also rank at the top in worldwide agricultural engineering. The product range additionally encompasses state-of-the-art agricultural electronics and software solutions for farming applications. CLAAS employs more than 9,000 people worldwide and generated sales of 3.3 billion euros in 2011.