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DGAP-Adhoc: Friedrich Vorwerk acquires Bohlen & Doyen and plans significant growth in pipeline, cable and plant construction for gas and electricity grids

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DGAP-Ad-hoc: MBB SE / Key word(s): Mergers & Acquisitions
Friedrich Vorwerk acquires Bohlen & Doyen and plans significant growth in
pipeline, cable and plant construction for gas and electricity grids

01-Nov-2019 / 20:07 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Disclosure of inside information acc. to Article 17 MAR

*Friedrich Vorwerk acquires Bohlen & Doyen and plans significant growth in
pipeline, cable and plant construction for gas and electricity grids *

Berlin, 1 November 2019 - Friedrich Vorwerk KG (GmbH & Co.), a subsidiary of
MBB SE (ISIN DE000A0ETBQ4), today acquired 100% of the shares in Bohlen &
Doyen Bau GmbH and Bohlen & Doyen Service & Anlagentechnik GmbH (hereinafter
jointly referred to as "Bohlen & Doyen") from the French SPIE Group. The
transaction is subject to the approval of the German Federal Cartel Office.

Bohlen & Doyen was founded in 1950 in Wiesmoor, Germany, and plans to
generate profitable sales of over EUR 90 million with more than 490
employees in 2019. Today, Bohlen & Doyen's Construction division is a
leading constructor of pipelines and underground power lines. The company
has an excellent expertise in environmentally friendly horizontal drilling,
which is of central importance in the laying of pipes for power lines. In
the field of gas technology, Bohlen & Doyen has decades of experience in
infrastructure-related plant construction as well as measurement and control

Together with Bohlen & Doyen, Friedrich Vorwerk plans to further increase
its growth in the field of pipeline, cable and plant construction for gas
and electricity grids. In doing so, both the location in Wiesmoor and the
name Bohlen & Doyen will be maintained within the Friedrich Vorwerk Group
while the excellent market position of the company looks set to be further
expanded. Together with Bohlen & Doyen, Vorwerk looks set to generate
annualised sales of over EUR 200 million in 2019 with more than 1,200
employees. Through this acquisition, Vorwerk considers itself to be ideally
positioned to capitalise on the German "Energiewende" and the associated
billions of investment into the German gas and electricity grids.

Together with Bohlen & Doyen, MBB now generates consolidated sales of over
EUR 660 million on an annualised basis with around 3,500 employees. The MBB
Group continues to have considerable net liquidity and plans to grow also
through acquisitions going forward.

Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333

Executive Management
Dr Christof Nesemeier (CEO)
Dr Constantin Mang
Klaus Seidel

Chairman of the Board
Gert-Maria Freimuth

Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458

01-Nov-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: MBB SE
Joachimsthaler Strasse 34
10719 Berlin
Phone: +49 (0) 30 844 15 330
Fax: +49 (0) 30 844 15 333
E-mail: anfrage@mbb.com
Internet: www.mbb.com
Indices: PXAP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 903165

End of Announcement DGAP News Service

903165 01-Nov-2019 CET/CEST

(END) Dow Jones Newswires

November 01, 2019 15:07 ET ( 19:07 GMT)

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