Baden-Baden, December 06, 2016: GRENKE AG (ISIN DE000A161N30) announces the acquisition of all shares of Europa Leasing GmbH. A binding purchase agreement was concluded for the acquisition and has already been approved by GRENKE AG’s Supervisory Board. The transaction, which will have a volume in the low double-digit million euros, is still subject to the necessary regulatory approvals.
Europa Leasing GmbH has a business model similar to that of GRENKE AG and has a strong focus and sales expertise in the area of lease financing of medical equipment. This acquisition presents an ideal way for GRENKE AG to gain access to additional market potential in Germany and Europe. With activities in Germany, Switzerland and Austria, Europa Leasing GmbH is in a leading position in its market segment.
Europa Leasing GmbH will continue to be led by its existing Managing Directors Nadine Wagner and Dominik Bahner. This will ensure that the sector expertise and established relationships of Europa Leasing GmbH will remain within the company. Managing Director Günter Schwarz, the founder and previous sole owner of Europa Leasing GmbH, will leave the company at his own request.
The Board of Directors