ISRA announces stock split and higher dividend – Further acquisitions targeted

ISRA VISION AG (ISIN: DE 0005488100), one of the world’s top companies for industrial image processing (machine vision) and a global leader in surface inspection of web materials and 3D machine vision applications, has announced that the Executive Board and the Supervisory Board will be proposing a stock split at the Annual General Meeting on March 28, 2018. Following an capital increase from company funds, each shareholder will receive four more ISRA shares at no charge. For every share held before the split, shareholders will thus own five shares after the split. The share price will be divided by five accordingly. Shareholders’ voting rights or the company’s market capitalization or equity will not be affected.

Furthermore, the Executive Board and the Supervisory Board will continue the sustainable dividend policy of past years and will be proposing a dividend of EUR 0.59 per current share at the Annual General Meeting for the 2016 / 2017 financial year. ISRA is therefore increasing its dividend for the eighth time in a row to allow its shareholders to successively participate directly in the company’s operational development.

The integration of Polymetric GmbH, which was acquired in January 2018, is progressing rapidly. In addition to this technologically motivated takeover, as announced in December 2017, the company is continuing its strategy of further growth through acquisitions in addition to organic business expansion. Several acquisition projects are in progress and some are at an advanced stage. The company is assuming one further deal in the current financial year.

After a good start into the new 2017 / 2018 financial year, ISRA is still gearing its strategic and operational planning towards structural expansion in all areas of the company in preparation for the next big step in revenues beyond EUR 200 million. Management is planning low double-digit revenue growth for the 2017 / 2018 financial year, as in the previous year, with margins at least remaining stable. The company will publish a detailed forecast at the end of February 2018.

 

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Kloepfel Corporate Finance exclusively advised the shareholder of Geissler Präzisionserzeugnisse GmbH on the sale to Austrian based Hirschmann Automotive GmbH

Kloepfel Corporate Finance has acted as exclusive financial adviser to the shareholder of Geissler Präzisionserzeugnisse GmbH (Geissler) on the sale of 100% of the share capital to Austrian based Hirschmann Automotive GmbH (Hirschmann).

Geissler has been widely recognized as a specialist for high-precision stamping components in the automotive industry. The roots of the company – run by the 3rd generation – date back to 1929. Geissler is specialized in development and production of high volume stamped & hybrid components and connectors. Geissler achieved a turnover of € 10 m in 2017 and employs approx. 60 employees at its headquarters in Gauting, near Munich. Geissler will remain an independent company within Hirschmann.

With the acquisition of Geissler, Hirschman is gaining strategically important competences in the high-precision fine-stamping technology. This enables Hirschmann to become a system provider in the field of complex connector systems. Hirschmann had been looking for years to enter the fine-stamping technology. By bundling the competences of both companies, long-term strategic advantages are achieved. “With the acquisition of Geissler, Hirschmann has increased its vertical production range and thus also its independence from external suppliers.” Volker Buth, CEO & Thomas Mayer, CFO Hirschmann. With this transaction, Hirschmann continues its expansion story. Hirschmann has currently 5,000 employees worldwide generating sales of € 340 m in 2017 (+ 13% compared to 2016).

„Kloepfel Corporate Finance has given me excellent advice in all relevant business, financial and process-tactical aspects of the sales process with great commitment and dedication. With a profound industry knowledge, potential investors could be quickly identified. Thanks to many years of M&A experience and a trustful cooperation, the right buyer could be identified. With the right negotiating skills, it was possible to achieve an outstanding result in all important aspects in such a complex and time-consuming transaction. I’d like to thank the team of Kloepfel Corporate Finance for their support, advice and encouragement during the entire process.” Florian Geissler, managing shareholder Geissler.

Kloepfel Corporate Finance structured a competitive global M&A process to elaborate the ideal solution for the shareholders and right strategic partner for Geissler. This included providing advisory expertise and managing the preparatory, marketing, due diligence phases and negotiation of the transaction.

Geissler Präzisionserzeugnisse GmbH
For additional information on Geissler: www.geissler-precision.com

Hirschmann Automotive GmbH:
For additional information on Hirschmann: www.hirschmann-automotive.com

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MC boosts presence in Vietnam

In August 2017, MC acquired a majority of the shares in BIFI JSC, Vietnam, a leading Vietnamese manufacturer of concrete admixtures and grinding aids for the cement industry, subsequently entering into a joint venture with some of the previous shareholders. As a result, MC and BIFI merged into MCBIFI Bauchemie JSC. On 8 November 2017, the new company celebrated its official launch with an entertaining and informative gala programme in Hanoi attended by over 200 customers and employees.

The event was also used to highlight MC as an internationally active family-owned company with a long tradition, and to provide information about its product systems. Attendees were wowed with an entertaining stage show and the elaborate choreography, which told the story of the origins of MC-BIFI.

Market leader in concrete admixtures and grinding aids

BIFI was established in 2004 and was initially active in northern Vietnam. Today, MC-BIFI has two production plants in Hanoi in the north and one in Ho Chi Minh City in the south of the country employing over 60 people in production, research and development, administration and sales. MC-BIFI has a considerable market share in concrete admixtures and also grinding aids for the cement industry in Vietnam. It therefore assumes a strategically important role in Southeast Asia for the MC Group, representing another decisive step forward pursuing the group’s global growth strategy.

Major growth opportunities

“The construction industry in Vietnam has been booming for many years and major infrastructure projects are currently receiving very strong support, which is why we see great prospects for growth in this country,” said Dr. Ekkehard zur Mühlen, Managing Director of MC and a member of the Board of Directors of MC-BIFI. He adds: “We also hope that our joint venture will lead to shorter distribution routes and lower production and distribution costs in the Southeast Asia region.”

Ngoc Truong Vu, Managing Director of MC-BIFI Bauchemie JSC, said: “With the MC Group by our side, we are very well positioned in the Vietnamese market going forward. Our employees and customers are enthusiastic about this merger because ‘Made in Germany’ still carries enormous weight in Vietnam. With MC’s additional know-how and leading product systems, we aim to tap into the areas of protection and repair of concrete structures in particular so as to generate further growth.”

“MC and MC-BIFI will benefit greatly from each other, ideally complementing their respective operations. Together, we can help drive forward Vietnam’s construction culture to even greater successes,” emphasised Nicolaus Müller, Managing Director of MC, in his address.

MC in Asia

MC has been active in Asia for many years. It started with its own company in India in 1985 and in the following decades added further operations in Taiwan, Malaysia and Singapore. MC is also active in other Asian countries such as China, Indonesia, the Philippines and Thailand.

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