DGAP-News: Einhell Germany AG: Einhell acquires kwb
(firmenpresse) - DGAP-News: Einhell Germany AG / Key word(s): Acquisition/Acquisition
Einhell Germany AG: Einhell acquires kwb
03.05.2012 / 10:42
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Information for the Business Press
released by
Einhell Germany AG, Landau/Isar
Landau/Isar, 3 May 2012
Einhell acquires kwb
The Einhell Group has on the 02 May 2012, upon approval by the supervisory
board taken over the company kwb tools GmbH&Co. KG. kwb is an
internationally operating merchandising and service company based in Stuhr,
next to Bremen. The Transaction should be probably finished till the middle
of May 2012.
With that acquisition, Einhell integrates a specialist and leading European
provider of a system of power tool accessories and hand tools in the
Einhell Group. The position of the managing director will assume the
previous manager Mr. Gerrit Brand who has already gained experience for
some years in the Einhell Group. He will be supported by the commercial
managing director Mr. Alexander Uhl.
The outcome of the integration of the company, which was formed in 1931 in
Bremen by Mr. Karl Wilhelm Burmeister and continued over 50 years in Stuhr
outside the gates of Bremen by his son Mr. Karl Hans Burmeister, is for the
proportionately business year May till December 2012 an expected sales
contribution of around EUR 15-20 million.
For the future, with the acquisition is Einhell able to offer a
comprehensive range of accessories for all power tools on the highest level
of quality and will be together with kwb an attractive partner for the DIY
and the specialist shops. This will support Einhell on the way to its
establishment as A brand as well as its further internationalization.
The chairman of the Board of Einhell Germany AG, Mr. Andreas Kroiss, is
very confident: 'In view of the many years of experience in the business of
power tool accessories and a multiplicity of interesting projects, the
prospects are better than ever. We trust in the highly motivated and
powerful team of kwb and with it we look together in an even more
successfully future.'
The acquisition will have a positive effect on the customers of kwb: Beside
the economic stability and the technical potential of development of the
parent company Einhell, they will also profit from the excellent product
quality and the strong brand kwb.
'The many advantages out of the new enterprise configuration will
contribute to strengthen kwb as independent company', looks Gerrit Brand
ahead. Together with his managing director colleague Mr. Alexander Uhl,
they will bring kwb in a strong competitive environment to growth and
expansion.
Landau/Isar, 3 May 2012
The Board of Directors
Contact:
Helmut Angermeier
Authorised Representative
Postfach 1 50
94402 Landau/Isar
Phone: +49 (0) 9951/942-166
Fax: +49 (0) 9951/942-293
E-Mail: Helmut.Angermeier(at)einhell.com
End of Corporate News
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Language: EnglishCompany: Einhell Germany AG
Wiesenweg 22
94405 Landau/Isar
Germany
Phone: +49 (0)9951-942-166
Fax: +49 (0)9951-942-293
E-mail: helmut.angermeier(at)einhell.com
Internet: www.einhell.com
ISIN: DE0005654933, DE0005654909
WKN: 565493, 565490
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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167884 03.05.2012
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Datum: 03.05.2012 - 04:42 Uhr
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