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ots Ad hoc-Service: Bertrandt AG <DE0005232805>

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Tamm (ots Ad hoc-Service)
  • Engineering services provider Bertrandt now also located in Spain
  • Bertrandt AG acquires a majority interest in Novel Lahnwerk Engineering S.A. of Spain
With the acquisition of a majority holding in engineering services
provider Novel Lahnwerk Engineering S.A., the Bertrandt Group is now
represented on the Spanish market as well. With this new base, the
Company intends to further extend its coverage of the European
market. The agreement was signed on January 31, 2000, subject to
approval by the Supervisory Board.
Like Bertrandt AG, Novel operates as an engineering partner for
the automotive industry. Novel's principal customer is carmaker Seat,
a subsidiary of the VW Group, as well as its systems suppliers.
Novel Lahnwerk Engineering S. A., with headquarters in Barcelona,
was established in 1996 and employs approximately 100 people.
Revenues of approx. DM 11 million were recorded in fiscal 1999. The
previous owners retain their equity interest in the company, just as
the existing management will continue to play a leading role in the
future management of the Novel company.
Looking forward, Bertrandt sees good prospects in Spain and growth
potential for further projects with the Spanish automotive industry.
Bertrandt AG The Management Board
End
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More stories: Bertrandt AG
More stories: Bertrandt AG
  • 01.02.2000 – 07:35

    ots Ad hoc-Service: Bertrandt AG <DE0005232805>

    Für den Inhalt ist allein der Emittent verantwortlich Tamm (ots Ad hoc-Service) - Ingenieurdienstleister Bertrandt mit neuem Standort in Spanien - Bertrandt AG übernimmt die Mehrheit an der spanischen Novel Lahnwerk Engineering S.A. Mit der Übernahme einer Mehrheitsbeteiligung am Ingenieurdienstleister Novel Lahnwerk Engineering S.A ist die Bertrandt-Gruppe jetzt auch im spanischen Markt vertreten. ...