10/25/2012| 03:52am US/EasternPress Release Bossard Group Bossard Group takes over KVT Fastening Zug, October 25, 2012 – The Bossard Group acquires the fastening division of KVT Koenig Group with a closing expected by mid-November 2012. KVT Fastening – a renowned specialist for high-quality, special fastening and sealing applications with market focus in German-speaking countries – employs around 230 employees in Germany, Switzerland, Austria and Central Eastern Europe and has a turnover of approximately CHF 120 million.
kFrom a strategic point of view, this step will allow the Bossard Group to strengthen its base three-fold: firstly, to draw closer to attaining its strategic goal of pushing ahead worldwide and continuing to grow in a profitable and customer-oriented manner. Secondly, this strategic acquisition will enable customers to profit from greater competences in industrial fastening technology and a perfectly supplemented range of products and service offering. And thirdly, the strategic cross-linking of solid engineering expertise from both companies will create new possibilities for meeting the growing demand for customer-specific solutions and innovative fastening technology. The aim is to make active use of these strengths on the market with the new group of over 1,800 employees, as well as to continue building on the market presence of both companies.
KVT Fastening division belongs to the KVT Koenig Group, which is held by renowned holding companies Capvis and HgCapital as well as members of management. The Bossard Group is taking over KVT Fastening within the framework of a combined share and asset transaction.As the first step, the takeover price of around CHF 200 million is to be financed by taking out a consortium loan. In a second step the loan will be reduced through a share capital increase of estimated CHF 80 million. Subject to the right market conditions, the share capital increase isplanned for the first half of 2013. Kolin Holding Ltd. as main shareholder, owned by the
Bossard Group Phone +41 41 749 66 11Steinhauserstrasse 70 Fax +41 41 749 66 22CH-6301 Zug www.bossard.com investor@bossard.com
Bossard families, has announced that it will participate in the planned share capital increasein proportion to their shareholding. Zürcher Kantonalbank Cantonal Bank of Zurich will be the lead bank for this transaction for the Bossard Group.
Further information
David Dean, CEOPhone +41 41 749 61 01E-Mail investor@bossard.com www.bossard.comAbout Bossard GroupBossard is a leading supplier of intelligent solutions for industrial fastening technology. The companys complete portfolio for fasteners includes worldwide sales, technical consulting engineering and inventory management logistics. Its customers include local and multinational industrial companies who use Bossards solutions to improve their productivity. Employing 1,600 people in over 50 locations around the world, the Group generated CHF 474 million in sales in 2011. Bossard is listed on theSIX Swiss Exchange.
About KVT Fastening
The KVT Fastening division is part of the KVT Koenig Group and is active across Europe as the leading provider of sophisticated fastening solutions particularly in the German, Swiss and Austrian markets. KVT offers a wide product portfolio of over 70,000 items and is strategic partner to a steadily growing client base of currently around 25,000 customers. The company has three main logistics centres in Dietikon CH, Illerrieden DE and Asten/Linz AT. With 230 employees, KVT achieves a turnover ofaround CHF 120 million.Not authorised for dispatch, publication or distribution in the USA, Canada, Japan or Australia. This publication does not constitute an offer to buy or subscribe to shares in Bossard Holding AG. Inparticular, Bossard Holding AG shares are not offered for sale either in the USA or to US persons.
Bossard Group Phone +41 41 749 66 11Steinhauserstrasse 70 Fax +41 41 749 66 22CH-6301 Zug www.bossard.com investor@bossard.com
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