Industry Sector / Mobility Division
Paris, France / Erlangen, Germany, 2009-Sep-24
Montagu Private Equity, one of Europe’s leading private equity companies, is to buy ADB Airfield Solutions (“ADB”), the Siemens AG airfield lighting business. ADB offers products, solutions and services for visual guidance in airfields worldwide. The parties have agreed not to disclose the terms of the transaction. The sale is expected to be finalized in October, subject to antitrust approval.
Acquired by Siemens in 1987, ADB has been a significant innovative player in the airfield lighting sector since its establishment in 1947. With long-established customer relationships, more than 2,000 airports around the world have been equipped with systems from ADB. The company is headquartered in Brussels and employs approximately 400 people in around 10 locations worldwide.
“This sale is part of Siemens’ consistent strategy to focus on core business. ADB is part of the Mobility Division which through a "Complete Mobility" approach is concentrating on the goal of linking up different transportation systems in order to carry people and goods more efficiently to their destinations”, said Jörg Schneppendahl, CEO Siemens Mobility Division Traffic Solutions.
Sylvain Berger-Duquene, Director at Montagu Private Equity, said:
“We were attracted to ADB Airfield Solutions due to its substantial growth potential. Ongoing innovation, a strong market position and an outstanding management team mean that we are delighted to back this company.“
About Montagu Private Equity
Montagu is one of Europe’s leading private equity advisors. Montagu operates on a pan-European basis from locations in London, Paris, Stockholm, Düsseldorf and Manchester. Founded in 1968, Montagu can look back on 40 years’ experience in investing in more than 400 transactions. The primary investment focus of Montagu is on management-buy-out transactions and companies that operate in stable niche markets with a transaction volume ranging from 100 million to 1 billion Euros. Montagu has more than €2.5bn of funds and assets under management. For further information see www.montagu.com.
The Siemens Industry Sector (Erlangen, Germany) is the worldwide leading supplier of production, transportation, building and lighting technologies. With integrated automation technologies as well as comprehensive industry-specific solutions, Siemens increases the productivity, efficiency and flexibility of its customers in the fields of industry and infrastructure. The Sector consists of six Divisions: Building Technologies, Drive Technologies, Industry Automation, Industry Solutions, Mobility and Osram. With around 222,000 employees worldwide Siemens Industry posted a profit of EUR3.86 billion with revenues totalling EUR38 billion in fiscal year 2008 (ended September 30). www.siemens.com/industry
The Mobility Division (Erlangen, Germany) is the internationally leading provider of transportation and logistics solutions. With its "Complete mobility" approach, the Division is focused on networking the various modes of transportation in order to ensure the efficient transport of people and goods. “Complete mobility” combines the company's competence in operations control systems for railways and traffic control systems for roadways together with solutions for airport logistics, postal automation, traction power supplies and rolling stock for mass transit, regional and mainline services, turnkey systems as well as forward-looking service concepts. www.siemens.com/mobility
Reference Number: IMO200909.046e
Werner-von-Siemens-Str. 67
91052 Erlangen
Germany
Tel: +49 (9131) 27338
Tel: +44 20 7353 4200
Tel: +44 20 7353 4200