DGAP-News: AURELIUS Equity Opportunities acquires Belgian-based Norsk Hydro Precision Tubing from Norsk Hydro


 

DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s): Takeover
AURELIUS Equity Opportunities acquires Belgian-based Norsk Hydro Precision Tubing from Norsk Hydro

05.07.2021 / 07:00
The issuer is solely responsible for the content of this announcement.


AURELIUS Equity Opportunities acquires Belgian-based Norsk Hydro Precision Tubing from Norsk Hydro

- Leading international supplier of welded aluminium tubes to industrial product, Heating, Ventilation and Air Conditioning (HVAC), and automotive customers in more than 30 countries

- Vertically integrated cast house, allowing for production of scrap-based and low-carbon-footprint tubes

- Classic AURELIUS carve-out transaction, including the re-introduction of the heritage "Remi Claeys Aluminium" brand

Munich / Amsterdam, 5 July 2021 - AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) today announces the acquisition of the aluminium precision tubing business from Norsk Hydro Group. The acquired business currently employs more than 180 people and generated revenues of approximately EUR 50 million in 2020. The transaction is expected to be completed in the third quarter of 2021. Financial details of the transaction have not been disclosed.

The aluminium precision tubing business operates an integrated and circular plant in Lichtervelde, Belgium. From this production site the company supplies customers in more than 30 countries globally with a strong focus on Western Europe. Its main markets are Germany, France, Poland and United Kingdom. Because the plant solely uses recycled aluminium in its production process, the tubes produced in Lichtervelde have a low carbon footprint. The company has a long-standing reputation for high quality products and service delivery. This reputation is supported by a focus on excellence, as evidenced by its 99 % on-time deliveries and 15 years average client tenure. Total demand for aluminium products has a long term trend of stable growth, and the Company is well positioned to benefit from the increase of automated production at its customers.

As part of the carve-out, the company will re-adopt the "Remi Claeys Aluminium" banner, referencing back to the name of its founder in 1949. "We are excited to welcoming the Norsk Hydro precision tubing business to AURELIUS and are enthusiastic about reintroducing the "Remi Claeys Aluminium" brand and expanding the business under this historical banner," said Matthias Täubl, CEO of AURELIUS Equity Opportunities SE & Co. KGaA. "The transaction is another textbook AURELIUS carve-out transaction. Together with the committed and capable management team and employee base we see strong potential to increase volumes and profits in this industry. We have seen strong activity on the acquisition side this year so far, and our pipeline for further acquisitions remains strong. By the end of the year we will very likely also see some smaller exits. Overall 2021 has been a strong year so far and we believe this positive trend is going to continue over the coming months."
 

ABOUT AURELIUS
AURELIUS Group is a pan-European investment group with offices in Munich, London, Stockholm, Madrid, Amsterdam and Luxembourg. Since its foundation in 2006, AURELIUS has grown from a local turnaround investor to an international multi-asset manager.
Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA ("AEO"; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy's core element is operational support of its portfolio companies with a team of about 100 in-house operating taskforce experts.
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 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.aurelius-group.com.

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


 


05.07.2021 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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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: 1215149

 
End of News DGAP News Service

1215149  05.07.2021 

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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 1,57 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%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu AURELIUS Equity Opportunities SE & Co. KGaA  ISIN: DE000A0JK2A8 können Sie bei DGAP abrufen

Beteiligungen , A0JK2A , AR4 , XETR:AR4