euro adhoc: Triplan AG
Mergers - Acquisitions - Takeovers
+++ TRIPLAN AG
acquires competitor and strengthens market position+++
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
03.11.2005
Bad Soden, 3rd November 2005 - TRIPLAN AG, a consulting company for engineering services located in Bad Soden, Taunus, today announces the acquisition of ItDL GmbH.
ItDL located in Karlsruhe possesses a 30year lasting branch expertise within the petrochemical industry. This business field will presumably be able to obtain outstanding growth rates over the next years, because present shortage in refineries requires substantial investments in their capacity. 16 high-qualified employees of ItDL are an ideal completion of TRIPLAN staff in this important future market. Both companies ItDL and TRIPLAN own a lean-management structure as well as a high degree in flexibility. These qualities allow TRIPLAN now to offer services within the petrochemical industry across Germany.
TRIPLAN is also pleased to announce that the former owner and managing director of ItDL, Mr. Post, with his long-lasting expertise and industry knowhow will stay on board. Both parties agree to maintain silence over purchase price.
Due to this transaction TRIPLAN AG expects total sales for the fiscal year of approximately EUR 26.0 million (prior year EUR 24.3 million.) with a slightly negative EBIT of EUR -0.2 millions. That corresponds to an improvement of almost EUR 1.5 millions compared to the same period in prior year.
Management board
end of announcement euro adhoc 03.11.2005 19:52:17
Further inquiry note:
Arno Hausburg
Tel.: +49 (0)6196 6092 177
E-Mail: arno.hausburg@triplan.com
Branche: Heavy Engineering
ISIN: DE0007499303
WKN: 749930
Index: Prime Standard
Börsen: Frankfurter Wertpapierbörse / regulated dealing
Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bremer Wertpapierbörse (BWB) / free trade