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Pressemitteilung BoxID: 232092 (AURELIUS SE & Co. KGaA)
  • AURELIUS SE & Co. KGaA
  • Ludwig-Ganghofer-Straße 6
  • 82031 Grünwald
  • http://www.aureliusinvest.de
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  • Ingo Middelmenne
  • +49 (89) 544799 - 56

AURELIUS plans takeover of LD Didactic Group

20 percent stake acquired via investor consortium / Complete takeover planned subject to anti-trust approval

(PresseBox) (Munich , ) Munich-based industrial holding AURELIUS and a consortium of investors have acquired the insolvent Hürth-based LD Didactic Group, a leading supplier in the natural sciences/technology teaching material market. Effective 31 December 2008, AURELIUS is taking over 20 percent of the group's shares. The group itself encompasses the operating business activities of LD Didactic Group which consists of HL Hürther Lehrmittel GmbH and HL Hürther Mobiliar GmbH and their subsidiaries.

In transferring business operations, the investor consortium is ensuring the immediate continuation of the company's business at its bases in Hürth, Urbach and Nörten-Hardenberg. Dr. Jörg Nerlich, bankruptcy trustee for LD Didactic Group, is delighted for the company's employees in particular: "LD Didactic is a leading full-range supplier in an interesting niche market. The takeover gives the approximately 180 employees connected to the company the opportunity to look forward to a promising future again."

LD Didactic Group's main areas of expertise are primarily in developing, producing and selling laboratory furniture and systems as well as specialist literature for the natural sciences/technology field. Gert Purkert, AURELIUS board member, sees a bright future for this type of specialist supplier in the current economic climate: "The company has long-standing customer relations in the public and private education sector. We believe that the company stands to benefit disproportionately from the economic stimulus package recently passed."

In the 2008 financial year, LD Didactic Group generated revenue of around EUR 40 million and posted negative earnings. AURELIUS is planning to take over all shares in the company subject to approval by the responsible anti-trust authorities.

AURELIUS SE & Co. KGaA

AURELIUS AG based in Munich, Germany, is a Frankfurt stock exchange listed industrial holding company. AURELIUS acquires and actively develops medium-sized companies and business units that no longer belong to the core business of their previous owners. These include corporate spin-offs and divestitures, as well as companies with operational improvement potential. Through its operational in-house team, AURELIUS enhances the value of its portfolio companies to the benefit of all stakeholders taking into account corporate and social responsibility. The shares of AURELIUS AG are traded on the open market of the Frankfurt stock exchange (ISIN: DE000A0JK2A8).