- Country Deutschland
BankM AG
BankM – Repräsentanz der biw Bank für Investments und Wertpapiere AG: BankM exclusively advised Jinan Hanon Instruments Co., Ltd. in the acquisition of a majority stake in Gesellschaft für analytische Sensorsysteme mbH
|
Press release BankM exclusively advised Jinan Hanon Instruments Co., Ltd. in the acquisition of a majority stake in Gesellschaft für analytische Sensorsysteme mbH – Consideration paid out, complying to all governmental regulations – Close cooperation of both sites in Germany and China planned – Access for German high-tech products to the growing Chinese market Frankfurt, September 16, 2016 – Jinan Hanon Instruments Co., Ltd. (“Hanon”), a fast growing manufacturer of analytical instruments and solutions, which contribute to food safety and nutrition as well as drug quality supervision listed at the only state-controlled OTC-Board NEEQ in the PRC, acquired a majority stake in Gesellschaft für analytische Sensorsysteme mbH (“G.A.S.”), a German high-tech company focused on instrument manufacturing and headquartered in Dortmund. The Chinese authorities have approved the transaction and the first tranche of the deal has been paid out according to the agreement. G.A.S., a spin-off of ISAS (Leibniz Institute for Analytical Sciences), specializes in manufacturing customized analytical instruments coupling gas chromatography to ion mobility (GC-IMS) in order to measure traces of volatile organic compounds (VOC). “The portable and robust instruments of G.A.S. perfectly fit the needs of the Chinese market”, explains Hanon-CEO Zhigang Wang the logic behind the deal which will help Hanon to successfully extend its product and technology portfolio and to generate additional growth. Supported by the Chinese government, demand for analytical instruments in China is growing fast, due to increasing needs for health and safety as well as rising regulatory controls. “We already have built a solid client base in China in the fields of food control and environmental analysis offering a lot of potential, which we are convinced to exploit best together with Hanon”, says Thomas Wortelmann, managing director of Hanon, who will promote the development with his established team. The development and manufacturing base in Dortmund will be maintained unchanged. BankM – representative office of biw AG exclusively advised Hanon in finding the perfect strategic partner and supported all steps of the transaction.
Hanon is a fast growing manufacturer of analytical instruments and solutions, which contribute to food safety and nutrition as well as drug quality supervision. Founded in 2006, the company headquartered in Jinan, operates about 3,500 points of sale throughout the PRC. With more than 400 employees, Hanon generated a group-revenue of RMB 110 million in 2015. Hanon is a specifically certified national high-tech enterprise complying with international standards. Since 2014, Hanon is listed at the NEEQ (National Equities Exchange and Quotations), a state-controlled OTC board for fast growing companies. Further information on Hanon can be found at: www.hanonlab.com
Founded in Dortmund in 1997, G.A.S. is an instrument manufacturing high-tech company coupling gas chromatography to ion mobility (GC-IMS) to measure traces of volatile organic compounds (VOC) in air, human breath and the headspace of liquid and solids. Customers include airbus DS, Unilever, Akzo Nobel, Firmenich, Nestlé, SABMiller, Barilla or SYMRISE. Further information on G.A.S. can be found at: www.gas-dortmund.de
Since 2007, BankM – representative office of biw AG (Frankfurt am Main, Germany) is the partner of small and mid-sized enterprises and specializing in capital market financing with its experienced team. Unlike Anglo-Saxon style investment banking, BankM – biw AG’s philosophy is to provide long-term support for high-growth companies based on the principles of relationship banking. BankM’s service-portfolio ranges from the wide field of equity financing, market making on the electronic trading platform Xetra (‘Designated Sponsoring’), research, corporate bonds and hybrid financing, as well as M&A. BankM – biw AG is a team of professionals with a personal interdisciplinary experience of more than 200 years from over 250 transactions (including more than 40 IPOs and 50 mergers). In addition to classical capital market instruments, BankM also supports clients expanding into the Asian region with a strong China desk. BankM hereby specializes in the identification of suitable strategic partners in China, thus significantly increasing transaction security as well as the likelihood of future success in the Chinese market. Equity-financed FIB Management AG is owner of the BankM brand and acts as an tied agent in terms of sec. 2 para. 10 German Banking Act (KWG) in the name of and on account of biw Bank für Investments und Wertpapiere AG, so far as they provide services which attribute to the investment broking as well as placement transactions in terms of Sec. 1 para. 1a sentences 2 No. 1 and 1c (KWG). Additionally, FIB Management AG is outsourcer for biw Bank für Investments und Wertpapiere AG (outsourcing company) undertaking Designated Sponsoring services under the BankM brand (proprietary trading according to sec. 1 para. 1a sentence 2 No. 4 KWG). Further information on BankM can be found at: www.bankm.de
Thomas Stewens
This announcement does not constitute a recommendation or an offer or a solicitation of an offer for the purchase, sale or subscription of any mentioned securities. It does not serve any investment advice but general information purposes only. End of Media Release Issuer: BankM – Repräsentanz der biw Bank für Investments und Wertpapiere AG Key word(s): Enterprise
2016-09-16 Dissemination of a Press Release, transmitted by DGAP – a service of EQS Group AG. |