SBF signs letter of intent to acquire a specialist in interior design for trains
- Letter of intent signed for the acquisition of a majority stake in a German company specializing in train interiors
- Transaction would further expand the scope of supply in the 'Rolling Stock' business unit
- Acquisition to contribute directly to further sales and earnings growth
Leipzig, November 9, 2021 - SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, 'SBF'), a listed supplier of LED lighting systems for rolling stock and industry, is taking another important step in implementing its growth strategy. SBF's Management Board has signed a letter of intent with a German train interiors company for a majority investment. Due diligence will begin shortly, the positive outcome of which is a prerequisite for the successful completion of the acquisition. SBF expects the transaction to bring far-reaching synergy effects and an expansion of its product range.
Rudolf Witt, Member of the Management Board of SBF AG comments: 'We regularly evaluate options to strategically expand and further optimize our product portfolio. In our 'Rolling Stock' business unit, we want to grow further and are focusing on interior components for passenger trains. The acquisition of a specialist for complementary interior products is a perfect addition to our existing successful product portfolio.'
The takeover candidate is a long-standing successful medium-sized company specializing in passenger train interiors. The interior products for rail vehicles are manufactured in a modern machine park in Germany. Annual sales are in the high single-digit million range.
Further details on this transaction will be published after a positive conclusion of the due diligence process. In addition, the SBF Management Board is currently in talks with a takeover candidate specializing in electronic components.
About SBF Group:
SBF is a listed supplier of LED lighting systems for rolling stock and industry. With its focus on energy-efficient LED lighting, SBF is benefiting from the megatrends of climate protection and urbanization and expects double-digit growth rates in the coming years.
In the 'Rolling Stock' business area, SBF is a tier 1 supplier of complex ceiling and lighting systems for the world's leading rolling stock manufacturers. Strong technological competence, high vertical integration and customized customer solutions are the basis for a leading market position. In the 'Industrial Lighting' business area, SBF offers modern and smart LED systems for efficient lighting of roads, railroad stations and industrial plants.
For more information, visit https://www.sbf-ag.com.
Tel: +49 (0)341 65235 894
Kirchhoff Consult AG
Tel: +49 (0)40 60 91 86 70
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