PTA-News: Rosenbauer International AG: Rosenbauer International fully acquires Rosenbauer America

Thursday, 23. June 2022 07:00

Business news for the stock market

Leonding (pta005/23.06.2022/07:00) - Rosenbauer International AG also buys the remaining 25 percent minority stake of General Safety Equipment Corp. in Rosenbauer America. The former joint US holding company is thus taken over in full. The closing is planned for the end of the month. The purchase price has not been disclosed.

Rosenbauer America LLC is the holding company for the Rosenbauer Group's North American business and consolidates the production companies Rosenbauer South-Dakota LLC, Rosenbauer Minnesota LLC, Rosenbauer Motors LLC and Rosenbauer Aerials LLC. When the most recent figures were published, the business volume of Rosenbauer America LLC amounted to € 262.9 million. The North American firefighting market is a strategic future market for the Rosenbauer Group. Despite the COVID-19 pandemic, it has been in very good shape in 2021. The procurement volumes are likely to have risen to over 6,000 vehicles in the previous year, making North America clearly the world's largest firefighting market.

Rosenbauer sees the takeover of the company as a strategic opportunity to further expand business in this region and to integrate the US sub-group even stronger.

(end)

emitter: Rosenbauer International AG
address: Paschinger Straße 90, 4060 Leonding
country: Austria
contact person: Tiemon Kiesenhofer, MBA
phone: +43 732 6794-568
e-mail: tiemon.kiesenhofer@rosenbauer.com
website: www.rosenbauer.com

ISIN(s): AT0000922554 (share)
stock exchanges: official trade in Vienna; free market in Stuttgart, free market in Munich, free market in Hamburg, free market in Dusseldorf; open market in Berlin, Tradegate

[ source: https://www.pressetext.com/news/20220623005 ]

Related Links: Rosenbauer International AG
Author: