Financial and press releases

INDUS successfully places capital increase

Bergisch Gladbach, 26 March 2021

  • Gross proceeds of EUR 85.3 million
  • Capital for further acquisitions in currently attractive M&A market
  • Equity and liquidity base strengthened

INDUS Holding AG has successfully completed the capital increase announced on 25 March; the company’s share capital thus increased by approx. EUR 6.357 million to approx. EUR 69.928 million. This corresponds to an increase by close to 10 percent. The total of 2,445,050 new shares were placed with institutional investors in the context of an accelerated bookbuilding process.

The placement price was set at EUR 34.90 per share. The gross proceeds from the capital increase amount to EUR 85.3 million. The new shares are entitled to profits from 1 January 2020. They were placed with long-term institutional investors, including German family offices.

“In the current favorable M&A environment, we want to retain our ability to act quickly in order to acquire new hidden champions,” says Dr. Johannes Schmidt, Chairman of the Board of Management of INDUS. “We are currently in promising talks with several companies. We primarily want to continue our growth in the growth industries defined in our PARKOUR strategy program.” The Board of Management sees particular potential for acquisitions in sectors such as automation, measuring technology and control engineering, construction technology, technology for infrastructure and logistics, as well as energy and environmental technology. “The capital increase gives us the necessary room for maneuver to make further acquisitions as early as 2021 while maintaining stable balance sheet ratios,” says Dr. Johannes Schmidt.

The execution of the capital increase is expected to be entered in the Commercial Register in the next few days. The new shares are likely to be included in the existing listings of the company’s shares on the Frankfurt Stock Exchange and the Düsseldorf Stock Exchange on or around 31 March 2021. Commerzbank is the sole global coordinator in the capital increase.

About INDUS Holding AG:

Established in 1989 and headquartered in Bergisch-Gladbach, INDUS Holding AG is an SME holding company which concentrates on the long-term development of its portfolio companies. The industry focus is on construction and infrastructure, automotive technology, engineering, medical engineering and life sciences as well as metals technology. As a leading specialist for sustainable corporate development, INDUS attaches great importance to the operational autonomy of its 47 portfolio companies. Since 1995, INDUS Holding AG has been listed in the Prime Standard of the Frankfurt Stock Exchange (DE0006200108); in 2020, the Group generated sales of around EUR 1.56 billion. For more information on INDUS, visit www.indus.de.

Important notice:

This publication may not be published or distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Australia, Canada, Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons who are in possession of this document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This publication does not constitute an offer or a solicitation to submit an offer to purchase, any securities of the Company or any its subsidiaries in the United States of America, Germany or any other jurisdiction. Neither this announcement nor its content shall form the basis of an offer in any jurisdiction or may be deemed as binding in connection with such an offer. The offered shares have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be offered or sold in the United States of America without registration or an exemption from registration under the Securities Act.

In the United Kingdom, this publication is being directed only at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (ii) persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, partnerships, etc.) (all such persons together being referred to as “Relevant Persons”). This publication is directed and distributed only to Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this publication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In the member states of the European Economic Area, the placement of securities described in this announcement is directed exclusively to persons who are qualified investors in the meaning of the Regulation (EU) 2017/1129 of the European Parliament and the Council of 14 June 2017 (Prospectus Regulation).

No action has been taken that would permit an offer or a purchase of the securities or distribution of this publication in any jurisdiction where such action would be unlawful. Persons who are in possession of this announcement are required to inform themselves about and observe any such restrictions.

This announcement does not constitute a recommendation concerning the placement. Investors should consult a professional advisor as to the suitability of the placement for the person concerned.