HÖRMANN Industries GmbH sells subsidiary HÖRMANN Kommunikation & Netze GmbH to group-owned Funkwerk AG

CORPORATE NEWS 
of HÖRMANN Industries GmbH, Kirchseeon near Munich 


HÖRMANN Industries GmbH sells subsidiary HÖRMANN Kommunikation & Netze GmbH to
group-owned Funkwerk AG 

o HÖRMANN bundles competences and strengthens infrastructure, service and
railway business within the Funkwerk Group
o Sale has no impact on the forecast for the current financial year 2022, the
balance sheet, and the key financial figures due to the full consolidation of
Funkwerk AG

Kirchseeon, 25 July 2022 - HÖRMANN Industries GmbH (corporate bond, WKN: A2TSCH)
is selling its subsidiary HÖRMANN Kommunikation & Netze GmbH (HÖRMANN KN) to the
group-owned and listed Funkwerk AG (WKN: 575314) with effect as of 1 January
2022. 

HÖRMANN KN, a technical service provider in the fields of communications
technology, equipment for public infrastructures and the railway industry,
pipeline construction, energy systems, and maintenance and service, acts as a
full-service partner to many well-known customers and employs around 200 people.
The company's products and services thus expand the service portfolio of
Funkwerk AG - one of the technologically leading providers of innovative
communication, information and security systems - especially for customers in
the fields of railway technology and critical infrastructures, where both
companies have extensive overlaps. Both companies have already been working
together successfully for many years in the expansion of infrastructure that is
important for the railway industry, with HÖRMANN KN taking on the installation
of Funkwerk products in many cases.

With the sale, the HÖRMANN Group bundles the competences of the infrastructure
and railway business within Funkwerk AG and creates the basis for serving more
complex tenders in the future with bundled installation and service capacities
with a large regional reach in Germany, which require installation and
customer-specific full-service concepts with very short response times in
addition to the pure supply of products. HÖRMANN assumes that the demand for
such complex requests will increase.

Dr. Michael Radke, CEO of HÖRMANN Industries GmbH: "Following the successful
partial reorganisation of the group structure and the founding of our new
Intralogistics business division in May of this year, the transfer of HÖRMANN KN
to Funkwerk AG is an important strategic step for the further growth of the
Communication division. We are thus consistently pursuing our long-term strategy
of strengthening the non-automotive areas and thus a balanced diversification of
our Group."

"Hörmann KN's good customer relations in the field of critical infrastructures,"
says Kerstin Schreiber, CEO of Funkwerk AG, "open up the possibility for us to
increasingly market our product solutions there as well, in addition to the
service areas of security systems and industrial plant engineering served by
Hörmann KN."

The HÖRMANN Group, which now has 32 subsidiaries, is organised into four
business divisions: Automotive, Communication, Intralogistics, and Engineering.
Both HÖRMANN KN and the companies of Funkwerk Group are assigned to the
Communication business division. In the last three years, HÖRMANN KN achieved
annual average sales of EUR 30 million, depending on the project volume. The
parties have agreed not to disclose the purchase price. Due to the full
consolidation of Funkwerk AG within the HÖRMANN Group, the sale of HÖRMANN KN
has no impact on the forecast for the current business year 2022, the balance
sheet, and the key financial figures. 

Contact:
HÖRMANN Industries GmbH
Hauptstr. 45-47
D-85614 Kirchseeon
T [phone]
F [phone]
[e-mail]

Financial and business press:
IR.on AG
Frederic Hilke
T [phone]
[e-mail]


About the HÖRMANN Group
The HÖRMANN Group has grown steadily since its formation in 1955. HÖRMANN
Industries GmbH is the parent company of 32 subsidiaries operating in the
Automotive, Communication, Intralogistics, and Engineering segments with a high
degree of entrepreneurial initiative and independence. The HÖRMANN Group aims to
offer its customers specific solutions and services that provide clear benefits
and economic advantages. To achieve this, the HÖRMANN Group harnesses all of the
broadly diversified and connected knowledge of its workforce of around 2,800
highly qualified employees across a wide range of technology areas.
www.hoermann-gruppe.com

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange