Bergisch Gladbach, 23rd February 2023 – Based on the PARKOUR perform strategy update published in December 2022 and the related discontinuation of the previous Automotive Technology segment, INDUS Holding AG reclassified the three portfolio companies SCHÄFER, SELZER and SMA from the Automotive Technology segment to discontinued operations.
Bergisch Gladbach, 24 October 2022 – As INDUS Holding AG (“INDUS”) had already reported on September 23, 2022, its portfolio company S.M.A. Metalltechnik GmbH & Co. KG (“SMA”) – a series supplier to the automotive industry – has been conducting intensive negotiations with its major customers on an adjustment of the existing supply contracts. SMA did not succeed in achieving the necessary adjustments to the existing supply contracts.
Bergisch Gladbach, 23 September 2022 – The Board of Management of INDUS Holding AG (“INDUS”) has decided, with the approval of the Supervisory Board, to significantly reduce and place a time limit on INDUS’s further financial commitment to its portfolio company S.M.A. Metalltechnik GmbH & Co. KG (“SMA”). Under the current framework conditions, the financing of SMA will be limited to the financing of current business operations and will only be maintained until the end of October 2022.
