on KAP AG (isin : DE0006208408)
KAP AG Streamlines Investment Portfolio with Sale of Precision Components Segment
KAP AG, a mid-sized industrial holding company, has announced the sale of its precision components segment. The sale involves companies including Präzisionsteile Dresden GmbH & Co. KG, Gear Motion GmbH, and BEBUSCH Hungaria Müanyagfeldolgozó Kft. The transaction is a management buy-out (MBO) by the current management team.
The deal will generate proceeds in the single-digit million euro range. The buyer will also assume pension and financial obligations. Despite recent investments, KAP AG will incur book losses in the double-digit million euro range. These losses will not impact the 2024 guidance forecast. The transaction is expected to close by the end of October 2024.
R. H.
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