STEMMER IMAGING AG acquires ELVITEC S.A.S.
STEMMER IMAGING AG / Key word(s): Takeover
Puchheim, 10th July 2018
The French distributor ELVITEC S.A.S. was founded in 2002 and is an established provider of machine vision products and services in France. Its customers include mechanical engineering companies (OEMs), system integrators and industrial groups for companies with machine vision expertise.
The Management Board of STEMMER IMAGING AG expects the acquisition of the distributor to result in an anticipated additional revenue contribution of around EUR 9 million and an EBITDA margin at ELVITEC of around 11 per cent in the 2018/2019 financial year. The company is consolidated retrospectively from 1 July 2018. Both parties have initially agreed not to disclose the purchase price.
|Company:||STEMMER IMAGING AG|
|Phone:||+49 (0)89 - 809020|
|Listed:||Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|