DGAP-Ad-hoc: SMT Scharf AG / Key word(s): Investment
SMT Scharf AG acquires majority interest in electronics specialist
Hamm, 4 April 2019 - SMT Scharf AG (WKN 575198, ISIN DE0005751986) has acquired 51 percent of the shares in ser elektronik GmbH, based in Möhnesee. The acquisition price lies in the mid six-digit range in euros. In addition, SMT Scharf secured the option to acquire further shares in the company as part of the age-related succession arrangements for ser elektronik. With this investment, SMT Scharf is consistently pursuing its growth strategy and expanding its portfolio to include valuable expertise in the electronics and controls area. SMT Scharf has already been working together with the electronics specialist, which develops and produces customer-specific electronic controls and components for SMT Scharf's transport solutions, for more than 20 years. In 2018, ser elektronik achieved revenue of around EUR 3 million and EBIT of more than EUR 300 thousand.
04-Apr-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Company:||SMT Scharf AG|
|Phone:||+49 2381 960-01|
|Fax:||+49 2381 960-230|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||795907|
|End of Announcement||DGAP News Service|
795907 04-Apr-2019 CET/CEST