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13.06.2007

BA-CA's SME financier, EK Fin, is to take over the German Moll Group

EK Mittelstandsfinanzierungs AG (EK Fin) is acquiring 80% of the shares in the German mechanical engineering group, the Moll Group. With an annual turnover of EUR 43 million, the Bavarian based company, which was previously family owned, ranks as one of the most important suppliers of production machinery to the German automotive industry. As the private equity fund of Bank Austria Creditanstalt (BA-CA), EK Fin is therefore continuing its role as a financial investor and financier. It has been agreed that the purchase price will be kept secret.

In the past two decades, the Moll Group, which has been family owned since it was established in 1918, has evolved into one of the most effective suppliers in the German speaking world, particularly in the fields of materials handling technology and custom engineering. Thanks to its high quality standards in developing, designing and manufacturing its machines, Moll and its 165 employees now ranks among the top 10 machinery suppliers to the BMW Group and is listed as a preferred supplier by such reputable automotive manufacturers as Daimler-Chrysler, VW and Porsche. "We have added a top-performing company to our portfolio with the Moll Group. Moll has a great deal of potential. We want to develop this by stepping up its sales activities and appealing to new customer groups and sales markets", say the members of EK Fin's Managing Board, Klaus Haberzettl and Bernd Lechner.

EK Fin is one of the leading Austrian private equity funds. It has funds of EUR 50 million of which just over 55% are invested. Its core shareholder is BA-CA. EK Fin finances corporate expansion, acquisitions, management buy-outs and buy-ins. It invests funds of between EUR 1.5 and 7.0 million, generally acquiring stakes of between 10 and 49 per cent.

Klaus Haberzettl, CEO
Bernd Lechner, Member of the Managing Board
EK Mittelstandsfinanzierungs AG
Tel: +43 (1) 532 89 79/11
 www.ekfin.at