DGAP-News: AURELIUS agrees to acquire GKN Wheels & Structures


 

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover
AURELIUS agrees to acquire GKN Wheels & Structures

19.10.2020 / 15:30
The issuer is solely responsible for the content of this announcement.


AURELIUS agrees to acquire GKN Wheels & Structures

- Acquisition of leading manufacturer of off-highway wheels and innovative engineering solutions provider

- Global footprint providing strong platform for future add-on acquisitions

- Carve-out of non-core division from GKN a demonstration of AURELIUS's expertise in executing complex cross-border divestments

Munich/London, October 19, 2020 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) today announces that it has agreed to acquire GKN Wheels & Structures from GKN. The transaction is expected to complete in November and is conditional on receiving anti-trust approval.

GKN Wheels & Structures is one of the world's leading manufacturers of off-highway wheels and an innovative engineering solutions provider. The company employs c. 900 people worldwide with four manufacturing facilities in the UK, USA and Denmark in addition to test centres in Italy and the USA. In 2019, GKN Wheels & Structures generated global sales of over GBP170m, demonstrating the company's eminent position as a market leading supplier to the global agricultural, construction, automotive, industrial and mining industries and many of the leading international original equipment manufacturers, distributors and integrators.

This transaction represents another example of AURELIUS's specialisation in complex divestment processes from large corporates. In the coming months, AURELIUS will support GKN Wheels & Structures in executing its carve-out from GKN, ensuring continuity in the company's day-to-day operations, to establish the business under a new brand name and as a standalone entity.

Going forward, AURELIUS will work with GKN Wheels & Structures' existing management team to continue delivering the company's business plan. AURELIUS will look to build on the business' market-leading position by exploring the potential for further sector consolidation and leveraging its operational expertise to help optimise the company's activities.

Matthias Täubl, Member of the Executive Board of AURELIUS, said: "This is an exciting acquisition for AURELIUS and provides us with a strong platform for future growth in the off-highway wheels manufacturing sector. We look forward to building on the good work of the GKN Wheels and Structures management team and working with them to ensure a smooth transition in the coming months."

Dr Dirk Markus, CEO of AURELIUS Group, added: "This acquisition is another example of AURELIUS's strength in acquiring non-core divisions of large corporates and successfully executing these complex transactions. As a global market leader with a strong and committed customer base, GKN Wheels & Structures is well-positioned for future growth under AURELIUS's ownership."

AURELIUS was advised by Rothschild & Co (financial), Goodwin Procter (legal) and KPMG (tax).

 

ABOUT AURELIUS
AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid and Amsterdam. Since it was founded in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.

AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, ticker symbol: AR4) is the listed entity within AURELIUS Group and focuses on investing in mid-market corporate carve-outs and platform build-ups in a broad range of industries. With a team of approximately 100 in-house operations experts, AURELIUS actively supports its portfolio companies in their long-term development. AURELIUS Equity Opportunities currently has 24 portfolio companies located across Europe which employ around 13,000 people and generate annual revenues of approx. EUR 3.0 billion. The shares of AURELIUS Equity Opportunities are traded on all German stock exchanges.

AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. AURELIUS Growth Investments invests in leveraged buyouts usually in succession or corporate spin-off situations. AURELIUS Real Estate Opportunities focuses on real estate investments, the value of which can be increased in the long-term by means of active management. AURELIUS Finance Company is an alternative direct lender, focused on providing flexible debt solutions to small and mid-market firms across Europe.

With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides comprehensive support for refugees on their way towards a better life.

To find out more, visit www.aureliusinvest.de.
 

ABOUT GKN WHEELS & STRUCTURES
GKN Wheels and Structures is one of the world's leading manufacturers of off highway wheels and an innovative engineering solutions provider. The company offers a full service from wheel design, manufacture and testing through to after sales support from its global team of commercial and engineering experts. GKN Wheels supplies the global agricultural, construction, automotive, industrial and mining industries and many of the leading international OEMs, distributors and integrators.

The company employs c. 900 people worldwide with four manufacturing facilities in the UK (Telford), USA (Armstrong and Estherville) and Denmark (Nagbol) and two test centres in Italy (Brescia) and the USA (Woodridge).

 


Contact:
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]


19.10.2020 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: AURELIUS Equity Opportunities SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Germany
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail: [email protected]
Internet: www.aureliusinvest.de
ISIN: DE000A0JK2A8
WKN: A0JK2A
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1141595

 
End of News DGAP News Service

1141595  19.10.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 1.596,06 1.574,86 2.998,35 2.902,94 3.612,00 3.150,50 3.380,00
EBITDA1,2 188,88 35,44 272,56 65,72 80,30 361,50 180,00
EBITDA-Marge3 11,83 2,25 9,09 2,26 2,22 11,47 5,33
EBIT1,4 117,35 -22,64 202,00 11,69 -84,20 85,90 40,00
EBIT-Marge5 7,35 -1,44 6,74 0,40 -2,33 2,73 1,18
Jahresüberschuss1 155,45 -10,48 484,49 -39,52 18,27 121,60 15,00
Netto-Marge6 9,74 -0,67 16,16 -1,36 0,51 3,86 0,44
Cashflow1,7 138,04 1,11 -132,16 -50,00 -76,10 227,50 100,00
Ergebnis je Aktie8 3,81 -1,19 5,98 -1,43 -3,43 1,31 0,50
Dividende8 2,45 4,00 5,00 3,00 0,00 1,00 1,25
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Aurelius Equity Opportunities
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0JK2A 25,260 Kaufen 751,99
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,79 10,12 1,56 21,89
KBV KCV KUV EV/EBITDA
1,70 3,31 0,24 2,14
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 1,00 3,96 18.05.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
13.05.2021 12.08.2021 11.11.2021 31.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-4,25% 1,12% 45,17% 91,36%
    
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Beteiligungen , A0JK2A , AR4 , XETR:AR4