SMT Scharf AG acquires two suppliers of mining equipment from Billington Holdings plc
With this sale of its two subsidiaries, both based in Nottinghamshire, in future Billington Holdings plc will focus on its core business of structural steel in Great Britain. SMT Scharf adds a products range that complements its core business of railbound railways in terms of both customers and technologies. The acquisition is expected to positively impact the SMT Scharf Group's earnings already in the current year.
Issuer: SMT Scharf AG
59075 Hamm, Germany
German Securities Code (WKN): 575198
Exchanges: Regulated Market in Frankfurt (Prime Standard), OTC in Berlin-Bremen, Düsseldorf, Hamburg, Munich, Stuttgart
About SMT Scharf AG
The SMT Scharf group develops, builds and maintains railbound railway systems for mining and use in tunnels. The trains are used all over the world, primarily in hard coal mines, in gold mines and underground mining for platinum, diamonds, copper and nickel. They are used to transport material and personnel with working loads of up to 35 tons. Railbound railways are the only means of underground transport that can be used on branching lines to cope with inclines of more than 13 degrees. The SMT Scharf Group has its own companies in Germany, Poland, South Africa, China and Russia and additional dealerships. The railways that SMT Scharf develops are characterized in particular by their highperformance engines, great transport performance and low operating and maintenance costs. SMT Scharf records more than 80% of its revenue in highgrowth foreign markets, such as Russia, China and South Africa. Business with replacement parts and repairs accounts for around 40% of revenue. As a result of the continuing depletion of deposits and due to increasingly difficult conditions, hightech transport solutions are needed for mining operations. The entire market for underground transport technology comprises € 5 billion to € 7 billion per year according to the company's estimates. SMT Scharf AG has been listed in the Prime Standard (Regulated Market) of the Frankfurt Stock Exchange) since April 11, 2007.