SMT Scharf AG

  • WKN: 575198
  • ISIN: DE0005751986
  • Land: Deutschland

Nachricht vom 27.03.2019 | 14:41

SMT Scharf AG examines investment in electronics specialist

SMT Scharf AG / Key word(s): Offer/Strategic Company Decision
SMT Scharf AG examines investment in electronics specialist

27-March-2019 / 14:41 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


SMT Scharf AG examines investment in electronics specialist

Hamm, March 27, 2019 - SMT Scharf AG (WKN 575198, ISIN DE0005751986) is at an advanced stage of negotiations regarding an investment in ser elektronik GmbH based in Möhnesee. With this planned investment, SMT Scharf is aiming to consistently pursue its corporate strategy and expand its portfolio to include valuable expertise in the electronics and controls area. SMT Scharf has already been working for more than 20 years with the electronics specialist, which develops and produces customer-specific electronic controls and components for SMT Scharf's transport solutions. In 2018, ser elektronik achieved revenue of around EUR 3 million and EBIT of more than EUR 300 thousand. The planned acquisition of ser elektronik is intended to help strengthen SMT Scharf's in-house expertise in this area and align its transport systems to the growing requirements of underground mining.

Company profile
The SMT Scharf Group develops, manufactures and services transportation equipment for underground mining as well as for tunnel construction. The main products are captivated railway systems that are deployed all over the world, primarily in hard coal mines, but also in mines for gold, platinum and other metals. They are needed to transport material and personnel with payloads of up to 48 tonnes and on gradients of up to 30 degrees. In addition, SMT Scharf supplies the mining sector with chairlifts. Through the newly acquired mining specialist RDH Mining Equipment, the company also offers rubber-wheeled diesel and electric vehicles for mining and tunnel construction. As a leading supplier of battery-operated vehicles harnessing lithium-iron technology for underground mining, RDH completes the portfolio of SMT Scharf with its varied product portfolio, ranging from front-end loaders and scissor lifts through to underground trucks. Overall, the SMT Scharf Group is active with subsidiaries in eight countries, as well as commercial agencies worldwide. SMT Scharf generates a large share of its revenue in growing foreign markets such as China, Russia, Poland and South Africa. SMT Scharf AG has been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock Exchange since 2007.


Contact
Investor Relations
cometis AG
Thorben Burbach
Tel: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66
Email: burbach@cometis.de


27-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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