HÖRMANN Industries GmbH intends to issue a new corporate bond with a volume of up to EUR 50 million. The issue proceeds will be used for the early refinancing of the bond that is scheduled to mature in 2021 (German Securities Code Number (WKN): A2AAZG, volume: EUR 30 million), which has a call option from 21 November 2019 at a price of 101.5%. The proceeds will also be used for general corporate financing, including the modernisation and automation of the existing production facilities in the Automotive segment and the enhancement of the other segments through targeted acquisitions. The bonds will be publicly offered in Germany and Luxembourg. The necessary securities prospectus was today approved by the Commission de Surveillance du Secteur Financier (CSSF), and the German Federal Financial Supervisory Authority (BaFin) was notified. The bonds will also be offered to institutional investors in selected European countries by way of a private placement conducted by the joint lead managers, Pareto Securities and IKB Deutsche Industriebank AG.

The subscription period for the new 2019/2024 bond to be issued by HÖRMANN Industries GmbH begins today. The five-year bond (German Securities Code Number (WKN): A2TSCH / ISIN NO0010851728) with a nominal value of EUR 1,000.00 is scheduled to be available for subscription via banks and online brokers on the Frankfurt Stock Exchange until 28 May 2019 (10:00 a.m.). The offer is aimed at institutional investors and asset managers as well as private investors in Germany and Luxembourg. The issue volume for the HÖRMANN Industries bond is up to EUR 50 million and the minimum interest rate is 4.500% p.a. The final interest rate will be determined and communicated on 28 May 2019 on the basis of the subscription offers. The bond is expected to be listed in the Open Market of the Frankfurt Stock Exchange and the Nordic ABM segment of the Oslo Stock Exchange.

The new corporate bond of technology specialist HÖRMANN Industries GmbH (German Securities Code Number (WKN): A2TSCH, ISIN: NO0010851728) has met with considerable interest among institutional and private investors alike. As a result, the subscription period is being concluded early. Subscription for the new bond via Deutsche Börse under the terms of the public offer is now possible until 8:30 a.m. on Monday, 27 May 2019. The subscription period was originally scheduled to end on 28 May 2019. The annual coupon has been set at 4.5%.

Die HÖRMANN-Gruppe stellt auf der IAA-Nutzfahrzeuge 2018 ein neues Chassis-Konzept für elektrifizierte, leichte Nutzfahrzeuge vor.

The new integral chassis concept for lightweight commercial vehicles from HÖRMANN Automotive GmbH features an oval topology reminiscent of a nut or a tortoise, making it safe and yet light at the same time for its application protecting the energy storage unit. In terms of manufacturing technology, the concept builds on the findings of the Technical University of Darmstadt’s Collaborative Research Centre (SFB) 666, a project dealing with integral sheet metal design with higher-order bifurcations and the development, production and analysis of such products. This uses the technologies developed as part of the project in a vehicle manufacturing application for the future of urban delivery logistics. It uses the bifurcated sheet structures to implement new mechanisms for protecting energy storage units in vehicles with alternative drive systems.

HÖRMANN Logistik GmbH, a subsidiary of HÖRMANN Group, has been a general contractor for the supply of smart and innovative intralogistics systems for 32 years. Now the company is acquiring a majority stake in the Austrian company Klatt Fördertechnik GmbH. In its 19-year existence, Klatt Fördertechnik has developed into a renowned manufacturer of conveyor systems. "With our merger, we are not only strengthening our core competencies, but also strategically expanding them," emphasises Steffen Dieterich, Managing Director of HÖRMANN Logistik. His colleague in the management board, Oliver Vujcic, adds: "For both companies there are many synergies for ambitious growth."