Financial and press releases
INDUS successfully places capital increase
- 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.
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