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ARQUES Iberia takes over Spanish steel processor, Capresa
ARQUES Industries AG / Acquisition Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- ARQUES Iberia takes over Spanish steel processor, Capresa - Already sixth acquisition in 2007, second acquisition by ARQUES Iberia - ARQUES revenues reach the 1.5 billion Euro mark for the first time Starnberg, April 26, 2007 - ARQUES Iberia, a subsidiary of the Starnberg-based equity investment company, ARQUES Industries AG (ISIN DE0005156004), took over the Spanish steel processor, Calibrados de Precisión, S.A. (Capresa). The transaction is subject to the approval of the relevant cartel authorities and other approvals. Calibrados de Precisión, S.A. (Capresa) is a company which processes steel particularly for the automobile industry. The product range includes spring steel, carbon steel, free cutting steel, as well as various types of alloyed special steel which is cut to individual customer requirements and formed mechanically. The company with its head office in La Llagosta near Barcelona was taken over in accordance with the ARQUES business philosophy and generated revenues of more than EUR 50 million in 2006 with approximately 100 employees. In addition to the production facility in Spain, ARQUES also takes over a plant in Mexico (CapreMex) from which Capresa produces and distributes its products and services for the entire American market. The company, founded in 1960, has both an established, international clientele and a broad supplier base. Apart from the automobile industry, Capresa’s customers also originate from the textile machines and hydraulics segments and the building industry. 'With the takeover of Capresa, ARQUES executes the second transaction in Spain. ARQUES Iberia has succeeded within a very short time to establish itself on the Spanish market', said Alexander Wit, executive board member of ARQUES Iberia S.A. situated in Madrid, which was founded in autumn 2006 within the context of the internationalisation of the ARQUES business model. At the beginning of February 2007 ARQUES Iberia already took over Degussa’s antioxidant business activities with production facilities in Spain and England. Further evidence of the increasing dynamics of ARQUES’s foreign activities was the announced takeover of the Austrian textile trade chain, Schöps, by ARQUES Austria three weeks ago. The ARQUES executive board expects further acquisitions by its foreign subsidiaries in 2007. 'This transaction verifies that ARQUES has now earned itself a good reputation as a turnaround specialist on a Pan-European level and that more and more international companies are looking at ARQUES as a partner for spin-offs. We will continue to advance the internationalisation of our business model based on past successes', said Dr. Dr. Peter Löw, founder and executive board chairman of ARQUES Industries AG. The acquisition of Capresa is already the sixth ARQUES group transaction in 2007. ARQUES has acquired companies with revenues totalling around EUR 300 million. For the current financial year ARQUES expects to purchase further companies with revenues of more than EUR 1 billion. The ARQUES annualised annual group revenues increase to approximately EUR 1.5 billion with this acquisition. At the press conference on March 30, ARQUES affirmed its target for 2007 of reaching consolidated annual revenues of EUR 1.5 billion as well as an EBITDA of EUR 180 million. For this transaction ARQUES Iberia was advised by Tribeca Abogados und Landwell PWC. About ARQUES ARQUES Industries AG, Starnberg, (www.arques.de), is a turnaround specialist who focuses on the acquisition and the active restructuring of companies in transitional situations, in order to develop these, with its own team and own resources, to competitive enterprises with a positive yield. ARQUES revitalises its subsidiaries' potential for creating value for the benefit of all its stakeholders, taking on the relevant social responsibility. ARQUES has made a duty of identifying underestimated companies with reduced survivability but with high appreciation potential, at the same time mastering complex company structures and transitional situations. The shares of ARQUES Industries AG are traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange under the symbol 'AQU' (ISIN: DE0005156004) and are listed in the SDAX since September 19, 2005. Contact: ARQUES Industries AG Investor Relations & Corporate Communication Anke Lüdemann, CEFA/CIIA Email: luedemann@arques.de Public Relations Christian Schneider Email: schneider@arques.de Tel.: +49 (0) 8151/ 651 0 ARQUES Iberia SA Alexander Wit Director General Calle Príncipe de Vergara 17 - 5º dcha 28001 Madrid España Tel.: +34 (0) 91-7 81 65 63 Fax: +34 (0) 91-5 75 18 57 DGAP 26.04.2007 ---------------------------------------------------------------------- Language: English Issuer: ARQUES Industries AG Münchner Str. 15a 82319 Starnberg Deutschland Phone: +49 (0)8151 651-0 Fax: +49 (0)8151 651- 500 E-mail: info@arques.de www: www.arques.de ISIN: DE0005156004 WKN: 515600 Indices: SDAX Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Düsseldorf, München, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
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