AURELIUS AG acquires majority stake in HanseYachts AG

31.07.2011

AURELIUS AG acquires majority stake in HanseYachts AG

  • Majority take-over of leading manufacturer of oceangoing sailing yachts with brands Hanse, Moody, Dehler and Fjord
  • Founder and selling majority shareholder Michael Schmidt retained as consultant to the business going forward

Munich, 31 July 2011 – Munich-based industrial holding AURELIUS AG (ISIN: DE000A0JK2A8) has signed an agreement with Michael Schmidt, CEO, founder and majority shareholder of HanseYachts AG (ISIN: DE000A0KF6M8) to take over his 64.67% stake in the company.

Founded in 1990, HanseYachts AG has been able to establish itself as one of the market-leading serial manufacturers of oceangoing sailboats. Since its IPO in March 2007, the shares of HanseYachts AG are traded in the General Standard segment of the Frankfurt stock exchange. In the financial year 2009/2010 the company generated revenues of € 73.2m.

Due to the global economic crisis, HanseYachts AG reported negative results in the financial years 2008/2009 and 2009/2010. With the economic recovery and through the successful introduction of new and innovative models, HanseYachts AG was able to increase its market share. Substantial improvements of the operating results are to be expected on the basis of the prospective operational support by AURELIUS AG. The current order intake also supports high expectations.

HanseYachts AG’s brand portfolio consists of its key brand Hanse and the traditional brands Dehler and Moody. Additionally, the company produces Fjord motorboats, which cover an exclusive niche segment. Given the diversified brand portfolio, HanseYachts AG serves a relatively wide range of customers.

Over recent years, HanseYachts AG has invested significant amounts in production capacities and now owns state-of-the-art production facilities in Poland and Germany.

Michael Schmidt: “I am delighted that a hands-on investor like AURELIUS with in-house competencies is going to guide Hanse´s future development.” Michael Schmidt remains with the company in an advising position.

Dr. Dirk Markus, CEO of AURELIUS AG: “I am excited about the new investment in the attractive market for sailboats. Through our support and the market knowledge of Michael Schmidt the company will continue to follow its growth strategy and get back to the path of success.”

On Monday, August 1st, at 5.00 pm CET Dr. Dirk Markus will conduct a telephone conference for interested investors and members of the press. To sign-up, please send an email to investor@aureliusinvest.de.