OIM plc’s investee company Fleischhauer signs LOI for very profitable take-over
The Board of Directors of Opportunity Investment Management (OIM) plc is pleased to announce that its main investee company, G. Fleischhauer Ingenieur-Büro GmbH & Co. KG (95.9%), signed a preliminary take-over contract.
This take-over will boost the activities in their fast growing department of security alert systems and will gain extra profits through synergies, starting this year. This strategic acquisition will enlarge the size of its total current operations with approximately € 5 million and will add a circle of well established clients with recurring business. In 2010 Fleischhauer realized a Turn-Over of € 40 million.
The take-over will be completed no later than May 31st 2012 and will have retroactive effect starting January 1st 2012.
The purchase price is agreed on € 4 million. Fleischhauer will finance the purchase price with existing bank facilities, or OIM plc will use a part of the proceeds of the bond issue. The operations are expected to contribute as of January 1st,, 2012 to the earnings of the Fleischhauer group and the earnings per share of OIM plc.
OIM plc will keep its shareholders and the total market informed.
If you have any questions, please contact us:
OIM plc
Marius Ritskes, CEO
+31 40 214 65 65