DGAP-Ad-hoc: JENOPTIK AG / Key word(s): Disposal JENOPTIK AG signs agreement to sell VINCORION JENOPTIK AG (FSE: JEN / ISIN: DE000A2NB601) has signed an agreement to sell the VINCORION division. It will be acquired by a fund managed by STAR Capital Partnership LLP ("STAR"). STAR is a leading private equity firm investing in medium-sized companies across Europe. VINCORION develops, produces, and sells mechatronic products in particular for the defense and security sector, the aviation as well as the rail and transportation industries. The equity value is in the mid double-digit million euro range. In addition, there are claims and obligations (e.g. resulting from pension obligations) in the mid double-digit million euro range as well as certain earn-out components. The enterprise value amounts to approximately 130 million euros. Both parties have agreed not to disclose any further details. Closing of the purchase agreement is still subject to approval by the responsible authorities and other customary closing conditions. Closing is expected to take place in the second half of 2022. Due to the signing of the agreement to sell VINCORION the division will be classified as "discontinued operations" already in the current fiscal year. In total, there will be no change to the guidance 2021 when both, continuing operations and discontinued operations, are taken into account. If you have any further questions, please contact:
Contact: Leslie Iltgen Vice President Investor Relations & Communications Phone 03641-652291
25-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | JENOPTIK AG |
Carl-Zeiss-Straße 1 | |
07743 Jena | |
Germany | |
Phone: | +49 (0)364 165-2156 |
Fax: | +49 (0)364 165-2804 |
E-mail: | ir@jenoptik.com |
Internet: | www.jenoptik.com |
ISIN: | DE000A2NB601 |
WKN: | A2NB60 |
Indices: | SDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1251839 |
End of Announcement | DGAP News Service |
|
1251839 25-Nov-2021 CET/CEST
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.