Kyselhäuser Straße 23
06526 Sangerhausen, de
+49 (611) 205855-21
MIFA acquires significant assets of premium manufacturer Steppenwolf
MIFA will acquire all of the company's significant assets by way of an asset deal through a newly-founded subsidiary, Steppenwolf Bavaria GmbH. The acquired assets include, in particular, the brand rights and customer relationships of Steppenwolf GmbH, and its sales, marketing and field organisation divisions (service).
The parties have agreed to confidentiality concerning the purchase price of the transaction. MIFA will finance the transaction from its own financial resources, which derive from the capital increase that it executed successfully in July 2012. From MIFA's perspective, the acquisition of Steppenwolf represents an important step in its continued pursuit of its growth strategy, which was announced as part of the capital increase. Above all, the company regards the acquisition as an appropriate addition to its portfolio, which was expanded to include a well established e-bike brand as recently as March 2012 with the takeover of Berlin-based GRACE GmbH & Co. KG.
Issuer: MIFA Mitteldeutsche Fahrradwerke AG
Kyselhäuser Strasse 23
WKN (German Securities Identification Number): A0B95Y
Stock exchange: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg and Munich
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