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Tuesday 29 April, 2008

BAVARIA Industriekapital AG

BAVARIA Industriekapital AG sells Italian subsi...

Corporate news announcement processed and transmitted by Hugin ASA.
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Corporate news announcement processed and transmitted by Hugin ASA.
The issuer is solely responsible for the content of this 
announcement. 
----------------------------------------------------------------------
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The aluminum high-pressure die-caster ALMEC SpA is based in Nusco,
Italy and delivers high quality engine and transmission components to
FIAT, PIAGGO, GETRAG FORD TRANSMISSIONS and GENERAL MOTORS. BAVARIA
Industriekapital AG acquired the company in August 2007 from PRIMA
Group in Frosinone and METEC in Torino (both Italy).

TECNOCONTROL Srl, an Italian automotive machining and finishing
company, acquired ALMEC SpA through its subsidiary Industrie
Meccaniche Caponi (IMC) Srl. IMC plans to continue the implementation
of the process and quality improvements initiated by Bavaria Group -
which had already returned Almec to EBITDA profitability.

Bavaria's President of Almec, Hans Magnus Andresen, commented: "This
is a great solution for Almec. After we acquired Almec, we quickly
recognized the main improvement areas and implemented the required
programs. We are glad to see that Almec continues its success as part
of a group which can offer additional value-add to Almec's customers.
We are thrilled to have managed Almec's turnaround in less than 9
months and at the same time secured all the jobs in the company."

BAVARIA Industriekapital AG's 2006 revenues were EUR 333 million,
with an EBITDA of EUR 51 million. The company is listed in the Entry
Standard on the Frankfurt Stock Exchange (ISIN DE0002605557).
Headquartered in Munich, this industrial group invests in companies
with strong market positions and a potential to improve profits.

For further information please contact:

BAVARIA Industriekapital AG
Frau Svea Tröster
Investor Relations
[email protected]
Tel +49 (0)89 7298 967 0


 
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BAVARIA Industriekapital AG
Bavariaring 18 München Germany

WKN: 
260555; ISIN: DE0002605557; 
Listed: Entry Standard in Frankfurter Wertpapierbörse, Freiverkehr in 
Bayerische Börse München, 
Freiverkehr in Börse Berlin, Freiverkehr in Börse Düsseldorf, 
Freiverkehr in Börse Stuttgart, Freiverkehr in Hanseatische 
Wertpapierbörse zu Hamburg, 
Freiverkehr in Niedersächsische Börse zu Hannover;




                                                                                                                                                                                                                                                              

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