ACQUISITION OF AEES COMPANIES
PKC Group has signed on 9 of August 2011 an agreement for the purchase of AEES companies from funds controlled by Platinum Equity. AEES is one of the leading North American wiring harness manufacturers for heavy and medium duty trucks and it also has a significant position in light vehicle wiring harnesses. In addition, AEES provides components and wires to other contract manufacturers. In 2010, AEES generated net sales of EUR 454.0 million. AEES has operations in USA, Mexico, Brazil and Ireland and had about 13,800 employees at the end of June 2011.
The debt-free purchase price of AEES consists of EUR 109 million in cash and 1.25 million in newly issued PKC shares.
The closing became effective on October 1, 2011.
ACQUISITION OF SEGU COMPANIES
PKC Group signed an agreement for the purchase of shares in the Segu companies on 28 February 2011. Under the share purchase agreement, PKC Groupīs subsidiaries purchased all shares in Segu Systemelektrik GmbH (Germany), Segu Polska Sp. z o.o. (Poland) and TZOV HBM Kabel Corp (Ukraine).
The Segu companies in Germany, Poland and Ukraine manufacture and develop wiring harnesses for the automotive and construction equipment sectors. In 2010, the Segu companies generated consolidated net sales of approx. EUR 38 million, EBITDA was EUR 3.8 million and had approx. 1,000 employees at the end of the year. The debt-free purchase price of the Segu companies is EUR 20 million.
The closing became effective on April 30, 2011.