ADCURAM COMPLETES ACQUSITION OF MEA AG
Munich, 06 September 2018 –Munich-based industrial holding company ADCURAM Group AG has acquired all shares in MEA AG, Aichach, after approval by the relevant competition authorities. The goal of this takeover is to further accelerate the growth of the MEA and to drive its expansion.
MEA AG, founded in 1886, is one of the leading suppliers to the building trade. The products and solutions of the international group of companies cover three business areas: Building Systems (light wells, windows and other products for basements), Water Management (drainage systems for buildings, roads and tram lines) and Metal Applications (primarily gratings for industry and plant construction).
MEA employs about 700 people and has been growing continuously for years, with an annual turnover of around €120 million. In addition to the head office in Aichach near Augsburg, the Group maintains production sites in France, the Czech Republic, Romania and China. It has also sales offices in many other major markets.
“All MEA divisions enjoy an excellent market position and provide an ideal basis for further growth. Our long-term strategy not only includes investments into MEA’s sites, but also the development of new business areas,” explains Dr Philipp Gusinde, Managing Director of ADCURAM Group AG. “In view of the still fragmented market environment, add-on acquisitions in Germany and abroad that strategically complement MEA’s product and service portfolio are also conceivable.” ADCURAM will support the MEA management team with its extensive industry expertise from current and former holdings in industry and the building sector. In addition, experts from ADCURAM’s operational team will assist in optimising operational processes and market presence. “Given the continuing construction boom and the high international demand for quality products, MEA with its strong brand is well positioned for continuing its success story,” supports Henry Brickenkamp, designated Chairman of the Supervisory Board of MEA AG and Managing Director of ADCURAM. MEA CEO Dr Manfred Hübener adds: “We are pleased to be part of an industrial group that is known for the successful and sustainable development of numerous renowned companies. Together, we will set the course for the next step in the growth of MEA.”
ADCURAM is a privately owned industrial group. ADCURAM acquires companies with potential and develops them further – actively and sustainably. The financially strong industrial holding company has a total of €300 million available for new acquisitions to further the Group’s future growth. With its own team of 40 experts, the industrial holding company enhances its subsidiaries from a strategic and operational perspective. Together with six subsidiaries and around 2,500 staff, the Group generates global revenues of €500 Million (2017).
ADCURAM considers itself an entrepreneurial investor and invests in succession schemes and conglomerate spin-offs.
The MEA Group is an international group of companies with more than 130 years of experience in the market. MEA products and solutions have made the group into one of the leading suppliers to the building trade. MEA offers a wide range of products for drainage systems and basement construction as well as an extensive array of gratings. Under its motto “BUILDING SUCCESS” MEA helps construction professionals to achieve a real improvement in productivity by making their work easier, faster and safer.