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EANS-Adhoc: SMT Scharf AG acquires two suppliers of mining equipment from Billington Holdings plc
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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04.05.2010
Hamm, May 4, 2010 - SMT Scharf AG (German Securities Code (WKN) 575198, ISIN
DE0005751986), technology and world market leader for rail-bound railway systems
for the mining sector, has acquired a 100% interest in two UK-based suppliers of
mining equipment from Billington Holdings plc (ISIN GB0000332667) for around EUR
2.0 million. Corresponding agreements were signed today. Dosco Overseas
Engineering Ltd. is a specialist for roadheaders. The other company acquired by
SMT Scharf, Hollybank Engineering Co. Ltd., supplies underground roadway
supports. The two companies together recorded revenues of around EUR 14 million
in 2009 and slightly negative earnings. Their main customers are coal mines, but
also other types of mines and tunneling companies.
With this sale of its two subsidiaries, both based in Nottinghamshire, in future
Billington Holdings plc will focus on its core business of structural steel in
Great Britain. SMT Scharf adds a products range that complements its core
business of rail-bound railways in terms of both customers and technologies. The
acquisition is expected to positively impact the SMT Scharf Group´s earnings
already in the current year.
Further inquiry note:
Contact
Investor Relations
cometis AG
Susanne Gremmler
Tel: +49(0)611 - 205855-23
Fax: +49(0)611 - 205855-66 e-mail: [email protected] end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: SMT Scharf AG Römerstr. 104 D-59075 Hamm phone: +49(0)2381-960212 FAX: +49(0)2381-960311 sector: Machine Manufacturing ISIN: DE0005751986 indexes:
stockmarkets: regulated dealing/prime standard: Frankfurt, free trade: Berlin,
München
language: English
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