DGAP-Ad-hoc: Grammer AG / Key word(s): Takeover
Disclosure of inside information according to Art. 17 MAR
Grammer AG acquiring US-American TMD Group
The purchase price (enterprise value) for TMD amounts to approx. USD 271 million. The closing of the transaction is subject to usual closing conditions, including regulatory approvals. Closing is expected to take place in the third quarter of 2018.
With the acquisition of the TMD Group, Grammer can substantially expand its own product portfolio and process know-how in the sector of thermoplastic applications. The acquisition of the TMD Group will also give Grammer access to a new product segment that will lift Grammer's earnings potential on a sustainable basis, thus helping to achieve its ambitious medium-term profitability goals. In addition, the acquisition of the TMD Group will strengthen Grammer's market position and local value creation in North America and provide direct access to its locally-based customers in the USA.
Phone: 0049 9621 66 2200
22-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 (0)9621 66-0|
|Fax:||+49 (0)9621 66-1000|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|
688091 22-May-2018 CET/CEST