Acquisition of German companies for SDI
June 1st 2008 SDI Group designs, builds
and supports integrated
materials handling solutions
for international
retail, wholesale, fulfilment
and e-commerce distribution
operations. The company has
announced the acquisition of
four companies from P.E.P.
Beteiligungsgesellschaft
(PEP) in Germany, which was
founded in 1996 and is one
of Germany's leading
materials handling solutions
providers. The four are:
PEP Fördertechnik, PEP
Anlagenbau, PEP
Systemtechnik and Innova
Plast Kunststofftechnik. In
the year ending
December 2007,
the four
companies
produced a
combined profit
before tax of
€393k
(unaudited) and
had net assets of
€1.85m
(unaudited).
SDI is
purchasing the
entire issued share capital of
the four companies from PEP
and some minority interests
for a total consideration of
€2.76m, of which €1.76m
will be paid in SDI Group
shares and €1m in cash from
existing balances. More articles from SDI Group Limited: | 
