Press releases

Munich, 13 November 2007

AURELIUS successfully completes the takeover of Westfalia from Daimler

 

The takeover of the caravan producer Westfalia Van Conversion GmbH, headquartered in Rheda-Wiedenbrück (East Westfalia, Germany), by the Munich based industrial holding company AURELIUS AG was successfully completed. The purchase contract with Daimler AG has already been signed in mid-October. However the contract could only be closed after the approval by the federal cartel authorities. Thus the first-time consolidation of Westfalia within the AURELIUS group will take place in the fourth quarter.

 

The company based in Rheda-Wiedenbrück realizes an annual turnover of approximately EUR 50m with about 230 employees. Daimler AG has decided to sell the company as the caravan branch is not part of the core business of the automotive manufacturer.

 

Meanwhile, the industrial holding AURELIUS holds eleven investments in the portfolio. On an annual basis it achieves a turnover of approximately EUR 600m with about 2900 employees. This year, AURELIUS has acquired seven companies altogether. "We expect further acquisitions in the coming months", says Dr. Dirk Markus, CEO of AURELIUS.

 

AURELIUS AG, Munich (www.aureliusinvest.com), acquires mid-sized companies and corporate spin-offs which are no longer part of the core business of the previous owner. AURELIUS acquires companies even when they are in difficult and complex situations and actively grows and develops them. Using its own specialized Task Force, AURELIUS increases the value of its investments to the benefit of all parties, with particular awareness given to its social responsibility. The shares of AURELIUS AG trade under code AR4 (ISIN: DE000A0JK2A8) on the Open Market of the Frankfurt Stock Exchange.

Contact

AURELIUS AG
Investor Relations & Corporate Communication
Ingo Middelmenne
phone. +49 (0)89.5447.99.0
investor(at)aureliusinvest.de