DGAP-News: CHG-MERIDIAN AG / Key word(s): Mergers & Acquisitions/Takeover03.09.2018 / 13:00 The issuer is solely responsible for the content of this announcement.
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/
Additional features:Picture: http://newsfeed2.eqs.com/meridian/719485.htmlSubtitle: Dr. Mathias Wagner, Chairman of the Board of Management, CHG-MERIDIAN AG
Authors: EQS Asia Business News