DGAP-News: CENTROTEC Sustainable AG / Key word(s): Expansion
Brilon, May 6, 2019: CENTROTEC Sustainable AG has, via its subsidiary Holmak HEATX B.V. with registered office in Staphorst (NL), acquired the production assets for the manufacturing of counterflow heat exchangers from Klingenburg GmbH with registered office in Gladbeck (DE). Klingenburg will focus in future on manufacturing rotary heat exchangers in Gladbeck. With this takeover, Holmak is adding the entire range of aluminium and plastic counterflow heat exchangers previously supplied by Klingenburg to its product portfolio. This transaction will increase the production capacity of Holmak production plants by 50 percent. The move should result in an increase in Holmak's revenue in the low single digit millions in the current year, then in the medium single digit millions from next year. The plans envisage the first facilities going into operation at the Holmak locations within the third quarter of 2019.
CENTROTEC Sustainable AG
CENTROTEC Sustainable AG, Am Patbergschen Dorn 9, D-59929 Brilon, Germany
CENTROTEC Sustainable AG, Carsten Vogt, Manager Investor Relations, Tel.: +49 (0)2961 96631-103
06.05.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||CENTROTEC Sustainable AG|
|Am Patbergschen Dorn 9|
|Phone:||+49 (0)2961 96631-0|
|Fax:||+49 (0)2961 96631-100|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||807477|
|End of News||DGAP News Service|