30 September 2024 - 12:48
Publication of inside information in accordance with Art. 17 (1) of the Market Abuse Regulation (EU) 596/2014

Munich, 30 September 2024 Blue Cap AG ("Blue Cap") today concluded an agreement on the sale of its 90% stake in nokra Optische Prüftechnik und Automation GmbH ("nokra"). The buyer is Vishay Precision Group ("VPG").

The total proceeds (before taxes) are in the single-digit million range and a good EUR 1 million above the net asset value valuation as at June 30, 2024. The sale of the company corresponds to an annual return on invested capital (internal rate of return) of around 21% and a multiple on the capital employed of around 6x.

nokra, which has been part of Blue Cap since 2014, manufactures high-precision, laser-optical measuring systems for the automatic inline inspection of geometric dimensions. Typical areas of application include the flatness measurement of sheet metal and panels, the thickness measurement of strip materials, the curvature of windscreens and 3D dimensions of hot forged parts.

Due to the small size of nokra, there is no adjustment to the forecast for the full year 2024 as a result of the transaction. The Executive Board continues to expect consolidated revenue for the full year 2024 in a range of EUR 270-290 million and an adjusted(1) EBITDA margin of 8.5-9.5%.

(1) Adjustments: Adjusted for extraordinary, out-of-period and other effects from reorganization measures and one-off effects