INTERPUMP GROUP S.P.A. PRESS RELEASE
Sant'Ilario d'Enza (RE), January 22nd, 2016 - Interpump Group announces the acquisition of 100% of Endeavour (brand Hydralok), headquartered in Bath in the UK, a manufacturing company of crimping machines and systems for hydraulic hoses. The acquisition fits the strategy to strengthen and rationalize the Interpump direct distribution in the different international markets.
A manufacturing company of crimping systems will allow Interpump both to sale such systems in the market and to equip all its international branches of the facilities for the distribution of crimped hydraulic hose, an important after sale service.
The previous fiscal year results, ended on March 31, 2015, were: revenues amounting to about 1.9 million pounds (around €2.5 million) and EBITDA amounting to approximately 16% of sales. Interpump, through its subsidiary IMM Hydraulics UK, paid 1 million pounds, including an acquired cash of 200 thousand pounds. The final price is subject to adjustments up to a maximum of 300,000 pounds based on the EBITDA at March 31, 2016.
For more information: Moccagatta Associati
Tel. 02 8645.1695 - Fax 02 8645.2082
Email: segreteria@moccagatta.it
INTERPUMP GROUP S.p.A. - Via E. FERMI, 25 - 42049 S. ILARIO - REGGIO EMILIA (ITALY) - TEL.+39.0522.904311
FAX. +39.0522.904444 - E-mail info@interpumpgroup.it
CAP . SOC. Euro 56.617.232,88 I.V. - REG. IMPRESE R.E. - COD.FISCALE 11666900151 - C.C.I.A.A. R.E.A. N. 204185
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Interpump Group S.p.A. issued this content on 2016-01-22 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-22 09:09:02 UTC
Original Document: http://www.interpumpgroup.it/download/comunicati/16-01-22 Acquisizione Hydralok_eng.pdf
