UBAG Unternehmer Beteiligungen AG
UBAG Unternehmer Bet. AG english
UBAG increases stake in fast-growing SALT AG
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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UBAG increases stake in fast-growing SALT AG
The Munich based private equity firm UBAG Unternehmer Beteiligungen AG (UBAG)
has acquired 8.2 million shares of SALT AG, Würzburg, thereby increasing its
stake to more than 50%. The interest in SALT, in which SAP Venture is also
invested, was acquired through both cash payment and the issue of 3.5 million
UBAG shares through a capital increase. Management considers SALT one of the
fastest growing investments in the UBAG portfolio.
The transaction will substantially contribute to enhance the portfolio value of
UBAG and enable UBAG to strategically exploit the growth potential of SALT even
better in the future. The primary shared goal remains the solid preparation of
an IPO of SALT to continue the rapid growth – SALT was recently recognized by
the Bavarian Ministry of State as one of the 50 fastest growing companies in
Bavaria.
With its comprehensive product line, SALT is excellently positioned in the fast
growing market for logistics IT solutions, and in 2001 achieved with more than
100 employees revenues of over EUR 10 million. For 2002, SALT plans to extend
beyond the breakeven point with a significant increase in revenue, with more
than 80% of 2001’s revenue already secured through firm customer orders.
Over the past years, SALT has been consistently expanding its successful basic
business – the distribution and implementation of warehouse logistics systems
for prominent major customers. Superb growth prospects are particularly afforded
by telematic software, which can be used on all current telematic hardware
systems independently of the manufacturer. The introduction of levies on heavy
vehicles has further enhanced these prospects. By covering the entire logistics
value chain, SALT can today present itself as a complete provider, thereby
assuming a top-notch market position.
Contact:
UBAG Unternehmer Beteiligungen AG
Christine Bachschmidt
Tel: 089.649.49-541 Fax: 089.649.49-150
E-mail: cb@ub-ag.com http://www.ub-ag.com
end of ad-hoc-announcement (c)DGAP 28.01.2002
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WKN: 613860; ISIN: DE0006138605; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Düsseldorf, Hamburg,
Hannover, München und Stuttgart
281118 Jän 02
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