PRESS RELEASE
MAX Automation AG successfully completes cash capital increase- Net cash inflow of EUR 18.7 million for continuing Group growth
- Very strong demand from institutional investors
As a result of the successful completion of the cash capital increase, registered capital for the high-tech mechanical engineering company rose by EUR 2,665,000 or 10% to EUR 29,459,415.
In total, the company accrued net income of EUR 18.7 million before deduction of transaction-related expenses. The cash inflow is a further building block in the financing of MAX Automation's medium-term Strategy 2021. This provides for both organic growth and growth through acquisitions.
The transaction was conducted by Lang & Schwarz Broker GmbH, a subsidiary of the listed company Lang & Schwarz AG, acting as Sole Lead Manager.
Fabian Spilker, CFO of MAX Automation AG: "The high demand from investors demonstrates the very good standing that MAX Automation AG has developed on the capital market. As a result of the inflow of funds from the transaction and the recent increase and extension of the syndicated loan, we have sufficient financial leeway to further advance our growth plans." Contact:Frank Elsner / Frank Paschen
Frank Elsner Kommunikation für Unternehmen GmbH Phone: +49 - 5404 - 91 92 0
Fax: +49 - 5404 - 91 92 29
About MAX Automation AGMAX Automation AG (Securities Identification Number: A2DA58) with its headquarters in Düsseldorf is an internationally active high-tech mechanical engineering Group and a leading full-service supplier of integrated and sophisticated system and component solutions. Its operational business is divided into two segments. In the Industrial Automation segment, the Group is considered to be a trendsetter in the development and manufacturing of integrated and proprietary solutions for use in manufacturing and assembly in the automotive industry, medical technology, packaging machines and the electronics industry due to its comprehensive technological know-how. In the Environmental Technology segment, MAX Automation develops and installs innovative systems for use by the recycling, energy and raw materials industries.
www.maxautomation.de
M.A.X. Automation AG published this content on 18 August 2017 and is solely responsible for the information contained herein.
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