INDUS Holding AG: INDUS disposes completely of automotive suppliers in the portfolio

INDUS disposes completely of automotive suppliers in the portfolio

• Contract on sale of SELZER Group signed
• Sale of discontinued operations completed
• Focus on highly specialized industrial technology is progressing

Bergisch Gladbach, 28 July 2023 – Stock exchange listed INDUS Holding AG will transfer 100% of the shares in SELZER Group to an investment company of Mutares SE & Co. KGaA, Munich. Employing a good 440 people, SELZER Group develops and manufactures ready-to-install metal components and assemblies for automobile transmissions, brakes and engines as well as industrial applications at four locations in Germany and abroad. As a result of the investments already made and the planned production launches, SELZER Group’s annual sales will grow from around EUR 65 million today to around EUR 130 million by 2025. The purchase agreement was signed on 28 July 2023. The parties agreed not to disclose the details of the contract. The sale is subject to approval by the federal competition authority.

“The sale of SELZER Group marks the completion of our portfolio reorganization well before the end of 2023, our self-imposed target,” said Dr. Johannes Schmidt, Chairman of the Board of Management of INDUS Group. “We have thus sold the last discontinued operation.”

As a consequence of the Board’s decision to discontinue the former Automotive Technology segment, SELZER Group’s income and expenses had been reclassified to the result from discontinued operations already in the 2022 consolidated financial statements. INDUS will deconsolidate the group of companies following approval by the competition authority and the subsequent closing. At the bottom line, SELZER Group will burden the result of the discontinued operations for the last time with an amount of approx. EUR 21 million in the financial year 2023. Most of these charges will be recognized in the second quarter of 2023. “The completion of the sale of all discontinued operations releases considerable potential for profitable growth in the newly defined growth sectors,” said Dr. Johannes Schmidt.

Mutares specializes in the acquisition of companies in transitional situations. SELZER Group will be part of Mutares’ Metals Group, which will operate under the name Ferral United in the future and is an international supplier of multi-material solutions and systems. “At Mutares, SELZER can continue to progress as part of a strong player in the automotive supply industry,” said Dr. Johannes Schmidt. “Mutares knows SELZER Group’s growth potential and can realize it in a large group of companies.” Schmidt continued, “Having divested all discontinued operations, we can now focus entirely on further developing our portfolio in the field of highly specialized industrial technology, as communicated in our ‘PARKOUR perform’ strategy update at the beginning of 2023.”

About INDUS Holding AG:

Established in 1989 and headquartered in Bergisch Gladbach, INDUS Holding AG is a leading specialist for sustainable corporate development in the German-speaking SME sector. INDUS acquires two to three technology-oriented and promising industrial engineering companies for the Engineering, Infrastructure, and Materials segments annually. As a value-driven investment company with a clear focus on defined growth topics, INDUS provides its operationally independent portfolio companies with active, long-term support in their corporate development, especially in the fields of innovation, market excellence, operational excellence, and sustainability. Since 1995, INDUS Holding AG has been listed in the Prime Standard of the Frankfurt Stock Exchange (DE0006200108); in 2022, the Group generated sales of around 1.8 billion euros. For more information on INDUS, visit www.indus.de.

 

Contact:
Nina Wolf & Dafne Sanac
Public Relations & Investor Relations

INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany

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