5 August 2021 – 15:09
Publication of inside information in accordance with Art. 17 (1) of the Market Abuse Regulation (EU) 596/2014

Munich, 5 August 2021 Today, Blue Cap AG agreed the acquisition of a qualified majority shareholding of more than 90% of the shares in HY-LINE Verwaltungs GmbH (hereafter “HY-LINE”) and its four operating subsidiaries from a group of private investors for a purchase price in the lower third of the double-digit millions. The management team of HY-LINE took a substantial single-digit percentage stake in the acquisition. The acquisition of the shares in HY-LINE is expected to be completed on 1 September 2021.

Over the last few years, the HY-LINE Group has transformed itself from a value-added distributor to a supplier of products and systems with a special focus on technical consulting and application competence. Its customers primarily come from the electronics industry, medical technology, the energy sector and the media and communications industry. Its main sales markets are Germany, Austria and Switzerland. With around 80 employees at four locations, HY-LINE generates revenue of EUR 40 million to EUR 50 million every year.

Due to the less capital-intensive business model compared to the existing portfolio, HY-LINE should increase the Blue Cap Group’s EBITDA and earnings per share by 20% or more in the first full year following its acquisition. Blue Cap’s Management Board is adjusting its forecast for the current year (2021). It now expects revenue of around EUR 265 million to EUR 275 million (previously: EUR 255 million to EUR 265 million) and an adjusted EBITDA margin as before of 8% to 9%, subject to further acquisitions and disposals of shareholdings.