Ad-hoc: MBB Industries AG successfully completes takeover of CLAAS Fertigungstechnik
CLAAS Fertigungstechnik reported profitable sales of around EUR100 million in 2011 and is assuming an increase in its sales in 2012 due to a high order backlog. The company is a leading international plant construction firm specialising in welding and assembly systems for the automotive industry, while also addressing the aviation, solar and wind power, white goods and toolmaking industries.
As a result of the organic growth of current holdings and the acquisition of CLAAS Fertigungstechnik, MBB Industries is forecasting a rise in sales to over EUR200 million in financial year 2012. After earnings per share of EUR0.51 in 2011, the Managing Board of MBB Industries is also forecasting a sustainable increase in annual earnings in 2012. Although CLAAS Fertigungstechnik was the largest acquisition in MBB Industries' history, the company still has sufficient funding for further growth including buyouts.
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.