CHG-MERIDIAN AG
Corporate News
DGAP-News: CHG-MERIDIAN AG: CHG-MERIDIAN acquires Australian technology
financing company equigroup
DGAP-News: CHG-MERIDIAN AG / Key word(s): Mergers & Acquisitions/Takeover
CHG-MERIDIAN AG: CHG-MERIDIAN acquires Australian technology financing
company equigroup (news with additional features)
03.09.2018 / 13:00
The issuer is solely responsible for the content of this announcement.
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CHG-MERIDIAN AG (Weingarten, Germany), a non-captive specialist in
technology management and financing headquartered in southern Germany,
acquired Sydney-based technology financing company equigroup on September 1,
2018. The purchase of the Australian company is a key milestone in
CHG-MERIDIAN's growth strategy and also the largest acquisition in its
history.
The acquisition will provide strategic growth impulse for the volume of
lease originations in the CHG-MERIDIAN Group. As a result of the
transaction, the Company will have a presence in a total of 25 countries.
For the first time, it will be active not only in Europe, North America, and
South America but also in Australia and New Zealand. Moreover, equigroup has
a presence in parts of western and northern Europe, so the acquisition will
strengthen CHG-MERIDIAN's market position in the UK, Sweden, Norway,
Finland, and Denmark.
"Through equigroup, we are gaining access to a growing and very attractive
economic region. The acquisition will also provide strategic growth stimulus
for our medium-term planning target for lease originations of EUR2 billion,"
says Dr. Mathias Wagner, Chairman of the Board of Management of
CHG-MERIDIAN.
https://www.chg-meridian.com/
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Additional features:
Picture: http://newsfeed2.eqs.com/meridian/719485.html
Subtitle: Dr. Mathias Wagner, Chairman of the Board of Management,
CHG-MERIDIAN AG
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03.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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719485 03.09.2018