HÖRMANN Logistik GmbH acquires majority interest in Klatt Fördertechnik GmbH

HÖRMANN Logistik GmbH, a subsidiary of HÖRMANN Industries GmbH (corporate bond, German Securities Code Number (WKN): A2AAZG), today concluded a purchase agreement for the acquisition of the majority of the shares in Klatt Fördertechnik GmbH, Neumarkt am Wallersee (Austria). With the strategic acquisition of an initial equity interest of 51% in this specialist for intralogistics systems, HÖRMANN is strengthening the Engineering segment and pressing ahead with the diversification of the Group. The company intends to successively increase its equity interest in Klatt over the coming years. The acquired company will be fully consolidated with retrospective effect from 1 April 2019. Founder, previous principal shareholder and managing director Peter Klatt will remain with the company in a management role. The parties agreed to not disclose the purchase price.

Klatt Fördertechnik has been active on the market since 2000. According to its planning for the current non-calendar financial year (1 April 2019 to 31 March 2020), sales are expected to amount to around EUR 10-12 million. Orders on hand amount to around EUR 10 million.

For HÖRMANN Logistik GmbH, the acquisition represents a vertical expansion of the existing internal product range and the strengthening of the value chain, as well as an expansion of its business into new sectors and the Austrian market. In the area of logistics, HÖRMANN specialises in facility project planning, project management, automation technology and software, and warehouse management systems. As a full-range provider for conveyor technology, Klatt will add constructive solutions to the product range that HÖRMANN Logistik GmbH previously had to purchase from various manufacturers as a general contractor.