Dürr Aktiengesellschaft (XTRA:DUE) signed an purchase agreement to acquire BBS Automation GmbH from EQT Mid Market Europe Fund and EQT Mid Market Asia III a fund managed by EQT AB (publ) (OM:EQT) and co-shareholders for ?420 million on June 12, 2023. The enterprise value of BBS Automation is between ?440 million and ?480 million, depending on earnings in 2023. In order to fund the acquisition of BBS Automation, a syndicated credit facility of ?500 million was obtained on June 12, 2023 for sole use as bridge finance to cover the purchase price. We are seeking to refinance the syndicated line of credit through the capital market and are simultaneously reviewing the scope for using cash to partially fund the acquisition. The transaction is being funded from Dürr Aktiengesellschaft cash flow as well as existing financing instruments and bridge finance. The automation business of BBS Automation, Teamtechnik, and Hekuma will continue to be managed in the Paint and Final Assembly Systems division within the Dürr Group. Subject to competition-law clearance of the acquisition and other regulatory prerequisites and the purchase contract is still subject to merger control approvals and other regulatory requirements. The transaction is to be closed, and the company consolidated for the first time at the end of the third or the beginning of the fourth quarter of 2023. The business figures of BBS Automation will not be reflected in the Dürr Group until the transaction is completed in the fall of 2023. J.P. Morgan SE acted as sole financial advisor to Dürr Aktiengesellschaft.

Dürr Aktiengesellschaft (XTRA:DUE) completed the acquisition of BBS Automation GmbH from EQT Mid Market Europe Fund and EQT Mid Market Asia III a fund managed by EQT AB (publ) (OM:EQT) and co-shareholders on August 30, 2023.