Endurance Capital AG

  • Land: Deutschland

Nachricht vom 25.10.2017 | 10:00

Endurance Capital AG and AL-KO KOBER SE acquire key units of the metal processing company Kohl-Gruppe AG

DGAP-News: Endurance Capital AG / Key word(s): Miscellaneous

25.10.2017 / 10:00
The issuer is solely responsible for the content of this announcement.


Endurance Capital AG and AL-KO KOBER SE acquire key units of the metal processing company Kohl-Gruppe AG

Munich, 25 October 2017 - Endurance Capital AG, a holding company specializing in investments in mid-sized companies in special situations, will join with AL-KO KOBER SE to acquire the automotive, metal parts and railway engineering divisions of the Cologne-based Kohl-Gruppe AG. Mettec Holding GmbH, the purchasing consortium formed with participation of AL-KO and led by Endurance Capital, will acquire the shares and real estate at the Eisenach and Treuenbrietzen sites as part of a carve-out transaction. The sale process should be completed in 2017, subject to approval by the responsible cartel authorities. The affected business units had 620 employees in 2016 and generated revenues of about EUR 110 million (of which about 80% was in the automotive division).

Dr. Andreas Albath, CEO of Endurance Capital AG, said as follows: "We are convinced that the Kohl Group divisions which are to be acquired will have a bright long-term outlook under the umbrella of Mettec Holding. With AL-KO KOBER SE as our partner, which is characterized by an extensive entrepreneurial tradition and expertise in the automotive industry and in gardening and air conditioning equipment, we will be able to clearly position the three units strategically and create the necessary conditions for them to develop independently in the medium term."

The automotive division supplies well-known OEMs directly with mid-sized to large stampings and complex welded components. The metal parts business unit specializes in CNC turning and milling and has a broadly diversified customer portfolio, including the power distribution sector, measurement/medical technology and facility engineering. The railway engineering division is one of just two German manufacturers which supply key components for the PZB/INDUSI train protection system, and has successfully established itself as a long-term development partner for leading railway customers.

According to Stefan Kober, Management Board Chairman of AL-KO KOBER SE: "Kohl Group has successfully positioned the automotive division as a supplier for well-known customers in the automotive industry. The two smaller business units, metal parts and railway engineering, also have outstanding market positions. All three divisions therefore fit perfectly into our organic and inorganic growth strategy."

"We are pleased to have found new partners in Endurance Capital and AL-KO which have years of experience with mid-sized manufacturing companies and a proven ability to successfully acquire and develop companies in succession situations," said Volker Kempa, Management Board Spokesman and shareholder of Kohl-Gruppe AG. "Together, we are now in a position to generate dynamic growth in the outsourced business units."

About Endurance Capital AG
Endurance Capital AG is a Munich-based holding company which specializes in mid-sized companies. The company operates primarily in Germany and Austria and has particular experience in the automotive supplier, metals and plastics processing and mechanical engineering sectors. Endurance has executed successful corporate restructuring transactions in recent years by means of management buy-ins and management buy-outs.

Endurance Capital AG
Bavariaring 18
80336 Munich


Press Contact:

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25.10.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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