Ad-hoc-Announcement, 15.02.2008
TA Triumph-Adler will acquire assets and operations of medium sized specialist dealer
Nuremberg, February 15, 2008 – TA Triumph-Adler has been granted to purchase the essential assets of Lich BVF GmbH, Rabenau, Hessen, Germany, from the insolvency administrator of the company which had filed for an insolvency proceeding as of November 20, 2007. This was now resolved by the committee of creditors. The deciding factor was the concept presented by TA Triumph-Adler how to restructure the Lich operations in order to return them to profitability at short notice. The details of the purchase will be laid down in a purchasing contract.
Lich BVF is a specialist dealer active in the field of office communication (document business). The company generated around € 7 million of revenue in 2007 and manages over 3.500 machines as part of long-term agreements. The major part of its operations will be continued in the framework of a separate company within the
TA Triumph-Adler Group. TA Triumph-Adler expects to markedly increase the sales revenue of the new company over the next years and lift operating margins to levels customary within the Group.
Consent has been reached with the insolvency administrator that
TA Triumph-Adler will also purchase the customer base of Eberhard Lich Gmbh & Co. KG, also located in Rabenau. This agreement is still subject to the consent of the committee of creditors. The company is also under insolvency administration. It operates in the office equipment and stationery segment. Lich BVF GmbH and Eberhard Lich GmbH & Co. KG have common shareholders.
Contact:
TA Triumph-Adler AG
Suedwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleing
Phone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200
ir@ta.ag
www.triumph-adler.com
Bearer shares ISIN: DE0007495004,
admitted to official trading (Prime Standard) on the Frankfurt stock exchange and on all German regional exchanges
TA Triumph-Adler is the specialist in the Document Business. The company analyses and provides consultancy services to corporate customers on an individual basis, and implements efficient document workflow. Both in paper and in electronic formats, and including long-term service. With more than 170,000 installed systems at over 35,000 satisfied end-customers, and drawing on 111 years of experience in the "Document Business", the corporation ranks as the market leader in Germany. Backed by more than 450 of its own document consultants, and 400 of its own system supporters, the company provides comprehensive, area-wide service, and is available for customers at 60 German locations, as well as internationally. TA Triumph-Adler offers modular solution concepts (Hardware = TOM "Total Output Management"; Software = DIDO "Digital Document Organization"). The company fields a full range of products in the areas of printing, fax, copying, scanning, and DMS, and, with TA Leasing GmbH, has its own financial services provider offering an extensive range of financing solutions for corporate customers. The Document Specialist also attends to the needs of major national and international customers through its specialized company, TA Triumph-Adler Corporate Consulting GmbH. TA Triumph-Adler AG is listed in the Prime Standard of Deutsche Börse (WKN 749500), and generated revenue of € 378 million in the 2006 financial year with an employee base of 1,400 members of staff. The company engages with its social and societal-political responsibilities via the Triumph-Adler "Children in Need" Foundation, is committed to environmental protection, and pursues efficient and comprehensive corporate governance.
Important notice:
This press release contains forward-looking statements that are based on assumptions and estimates made by the management of TA Triumph-Adler AG. Although the management of the company is of the view that these assumptions and estimates are appropriate, future actual developments and future actual events may diverge significantly from these assumptions and estimates due to various factors. These factors may include, by way of example, changes in the macroeconomic situation, exchange rates, interest rates, as well as changes both within the market and in the competitive environment as the result of technological change. TA Triumph-Adler AG provides no guarantee, and accepts no liability, if future developments, and results achieved in the future, do not accord with the assumptions and estimates expressed in this press release.
Lich BVF is a specialist dealer active in the field of office communication (document business). The company generated around € 7 million of revenue in 2007 and manages over 3.500 machines as part of long-term agreements. The major part of its operations will be continued in the framework of a separate company within the
TA Triumph-Adler Group. TA Triumph-Adler expects to markedly increase the sales revenue of the new company over the next years and lift operating margins to levels customary within the Group.
Consent has been reached with the insolvency administrator that
TA Triumph-Adler will also purchase the customer base of Eberhard Lich Gmbh & Co. KG, also located in Rabenau. This agreement is still subject to the consent of the committee of creditors. The company is also under insolvency administration. It operates in the office equipment and stationery segment. Lich BVF GmbH and Eberhard Lich GmbH & Co. KG have common shareholders.
Contact:
TA Triumph-Adler AG
Suedwestpark 23
D - 90449 Nuremberg
Dr. Joachim Fleing
Phone: +49 / 911 / 68 98 - 499
Fax: +49 / 911 / 68 98 - 200
ir@ta.ag
www.triumph-adler.com
Bearer shares ISIN: DE0007495004,
admitted to official trading (Prime Standard) on the Frankfurt stock exchange and on all German regional exchanges
TA Triumph-Adler is the specialist in the Document Business. The company analyses and provides consultancy services to corporate customers on an individual basis, and implements efficient document workflow. Both in paper and in electronic formats, and including long-term service. With more than 170,000 installed systems at over 35,000 satisfied end-customers, and drawing on 111 years of experience in the "Document Business", the corporation ranks as the market leader in Germany. Backed by more than 450 of its own document consultants, and 400 of its own system supporters, the company provides comprehensive, area-wide service, and is available for customers at 60 German locations, as well as internationally. TA Triumph-Adler offers modular solution concepts (Hardware = TOM "Total Output Management"; Software = DIDO "Digital Document Organization"). The company fields a full range of products in the areas of printing, fax, copying, scanning, and DMS, and, with TA Leasing GmbH, has its own financial services provider offering an extensive range of financing solutions for corporate customers. The Document Specialist also attends to the needs of major national and international customers through its specialized company, TA Triumph-Adler Corporate Consulting GmbH. TA Triumph-Adler AG is listed in the Prime Standard of Deutsche Börse (WKN 749500), and generated revenue of € 378 million in the 2006 financial year with an employee base of 1,400 members of staff. The company engages with its social and societal-political responsibilities via the Triumph-Adler "Children in Need" Foundation, is committed to environmental protection, and pursues efficient and comprehensive corporate governance.
Important notice:
This press release contains forward-looking statements that are based on assumptions and estimates made by the management of TA Triumph-Adler AG. Although the management of the company is of the view that these assumptions and estimates are appropriate, future actual developments and future actual events may diverge significantly from these assumptions and estimates due to various factors. These factors may include, by way of example, changes in the macroeconomic situation, exchange rates, interest rates, as well as changes both within the market and in the competitive environment as the result of technological change. TA Triumph-Adler AG provides no guarantee, and accepts no liability, if future developments, and results achieved in the future, do not accord with the assumptions and estimates expressed in this press release.