Expansion of investment portfolio with majority acquisition of VacuTec Messtechnik GmbH and increase in equity interest in Funkwerk AG

The technology specialist HÖRMANN Finance (corporate bond: ISIN DE000A1YCRD0) today resolved to expand its investment portfolio in the “Engineering” and “Communication” segments. This will be achieved through the acquisition of an additional equity interest of 52.85% in Funkwerk AG by HÖRMANN Funkwerk Holding GmbH including the netting of receivables, as well as the contribution of a majority interest in VacuTec Messtechnik GmbH by way of a non-cash capital increase. Following the conclusion of these non-cash transactions, which is expected by the end of this year, HÖRMANN Finance will hold 78.35% of the shares in the listed Funkwerk AG (ISIN DE0005753149) and 90% of the shares in VacuTec Messtechnik GmbH.

The acquisition of the majority interest in Funkwerk AG (pro forma sales in 2015: EUR 75.7 million, pro forma EBIT in 2015: EUR 4.8 million) and the shares in VacuTec Messtechnik GmbH (sales in 2015: EUR 9.2 million, EBIT in 2015: EUR 3.5 million) will lead to a significant increase in sales and an improvement in operating profitability at HÖRMANN Finance in future without any debt having been assumed for either transaction.