Pintsch Bamag Antriebs- und Verkehrstechnik GmbH, a Schaltbau Holding AG (FSE: SLT) company, on 24 January 2017 agreed to sell its subsidiary Pintsch Bubenzer GmbH to Platin1452. GmbH. The agreement reached is the result of a structured sales process initiated by Schaltbau’s management as part of the restructuring programme which was initiated at the beginning of 2017. The transaction is expected to be completed by the end of February.

The essential aspect of the disposal of Pintsch Bubenzer is that the proceeds from the transaction ensure Schaltbau’s ability to finance loan repayments due at the end of February without needing to borrow new funds.

Also, the transaction is an important milestone for Schaltbau’s strategic repositioning. With the divestiture of its industrial brakes business, Schaltbau reduces Group complexity and focuses more keenly on its core business as a major supplier to the rail industry. Given this concentration of Schaltbau Group, the disposal provides a strong basis to Pintsch Bubenzer for the strategic advancement of the business under a new ownership structure. So far, business units brake systems and rail infrastructure each have contributed around half to Stationary Transportation Technology segmental sales revenue.

With its industrial brake systems, Pintsch Bubenzer covers non-rail industry customers. The company is a leading supplier of crane brakes for maritime applications, among other things, as well as a development partner and systems supplier. Markets with highest strategic importance are Asia, the Gulf States and the USA.

Platin1452. is backed by Swedish Dellner Group-owned Dellner Brakes AB, who are taking over Pintsch Bubenzer with the support of Luxemburg-based investment company Active Ownership Capital S. à r.l. Pintsch Bubenzer and Dellner Brakes both suppy high-quality large-scale industrial and marine brake systems. The planned business combination with Dellner Brakes creates better growth perspectives for Pintsch Bubenzer.

Transaction costs will give rise to Schaltbau Group write-downs of below EUR 1 million to Pintsch Bubenzer’s book value, which will still be recorded in the fiscal year 2017. Excluding this one-time expense and the recently announced impact from the impairment of the 100% stake in Albatros S. L. U. (“Schaltbau Sepsa”), Schaltbau confirms the previously forecast EBIT of at least EUR 2 million for the full year 2017, along with sales just below the EUR 520-540 million forecast published most recently.

With annual sales of over EUR 500 million and around 3,370 employees, the Schaltbau Group is a leading supplier of components and systems in the field of transportation technology and the capital goods industry. The companies of the Schaltbau Group supply complete level crossing systems, train formation and signal technology, door and boarding systems for buses, trains and commercial vehicles, sanitary systems and interior fittings for railway vehicles, industrial brakes for container cranes and wind turbines and also high- and low-voltage components for rolling stock as well as for other fields of application. Its innovative and future-oriented products make Schaltbau a key industrial business partner, particularly in the field of transportation technology.


This corporate news contains statements regarding future developments based on information currently available. As a result of risks and uncertainties, actual outcomes could differ from the forward-looking statements made.

Schaltbau Holding AG does not intend to update these forward-looking statements.

Firmenkontakt und Herausgeber der Meldung:

Schaltbau GmbH
Hollerithstraße 5
81829 München
Telefon: +49 (89) 93005-0
Telefax: +49 (89) 93005-350

Wolfgang Güssgen
Leiter Investor Relations & Corporate Communications
Telefon: +49 (89) 93005-209
Für die oben stehende Pressemitteilung ist allein der jeweils angegebene Herausgeber (siehe Firmenkontakt oben) verantwortlich. Dieser ist in der Regel auch Urheber des Pressetextes, sowie der angehängten Bild-, Ton-, Video-, Medien- und Informationsmaterialien. Die United News Network GmbH übernimmt keine Haftung für die Korrektheit oder Vollständigkeit der dargestellten Meldung. Auch bei Übertragungsfehlern oder anderen Störungen haftet sie nur im Fall von Vorsatz oder grober Fahrlässigkeit. Die Nutzung von hier archivierten Informationen zur Eigeninformation und redaktionellen Weiterverarbeitung ist in der Regel kostenfrei. Bitte klären Sie vor einer Weiterverwendung urheberrechtliche Fragen mit dem angegebenen Herausgeber. Eine systematische Speicherung dieser Daten sowie die Verwendung auch von Teilen dieses Datenbankwerks sind nur mit schriftlicher Genehmigung durch die United News Network GmbH gestattet.