Participation in Gämmerler GmbH sold

04 February 2022 – 12:38
Publication of inside information in accordance with Art. 17 (1) of the Market Abuse Regulation (EU) 596/2014

Munich, 04 February 2022 Blue Cap AG today signed an agreement for the sale of its 100% stake in Gämmerler GmbH (Gämmerler) to the Merten Group. The sales price is in the 6-digit euro range and slightly above the net asset value valuation for the company as of June 30, 2021. The purchase agreement will be closed in February.

Gämmerler GmbH, which has belonged to Blue Cap AG since 2011, has its origins in the development and production of systems and machines for the further processing of printed products. In 2021, after many years of losses, it was decided to focus on the after-sales business and the operational restructuring of Gämmerler was implemented. The Merten Group is active in the field of mechatronics as a manufacturer of machines, systems and precision parts.
This transaction was preceded by the sale of the former Gämmerler real estate in November 2021 as part of the restructuring (see ad hoc announcement of November 29, 2021). The aggregate sale of real estate and company corresponds to an annual return on invested capital (internal rate of return) of around 6% and a multiple of around 3.3x on the initial investment.

The Management Board is maintaining its guidance for the 2022 financial year. He continues to expect consolidated sales in a range of EUR 290 - 310 million and an adjusted EBITDA margin of between 8.5% and 9.5% (see ad hoc announcement of January 20, 2022).

Hello, my name is Lisa Marie Schraml

Investor Relations & Corporate Communications


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