Schaltbau Holding AG successfully sells treasury shares

Schaltbau Holding AG successfully sells treasury shares

Munich, 28 September 2016 – The sale of 125,000 treasury shares announced by Schaltbau Holding AG on 27 September 2016 has now been successfully completed. The shares correspond to approximately 2.03 per cent of the Company’s issued share capital.

The Frankfurt-based Oddo Seydler Bank AG has placed the shares with long-term investors within Germany. The gross proceeds of the emission for Schaltbau Holding AG total approximately EUR 4.05 million.

Proceeds from the placement of the treasury shares will increase the Company’s financial flexibility in terms of general business operations on the one hand and for potential portfolio expansions on the other.

With annual sales approaching EUR 500 million and 3,000 employees worldwide, the Schaltbau Group is a leading supplier of components and systems in the field of transportation technology and the capital goods industry. The companies of the Schaltbau Group supply complete level crossing systems, train formation and signal technology, door and boarding systems for buses, trains and commercial vehicles, sanitary systems, interior fittings, communications and safety systems for railway vehicles, industrial brakes for container cranes and wind turbines, and also high- and low-voltage components for rolling stock as well as for other fields of application. Its innovative and future-oriented products make Schaltbau a key industrial business partner, particularly in the field of transportation technology.