Business Services Industry
Auriga Industries A/S divests spraying equipment subsidiary Hardi International A/S to French group Exel Industries
Nordic Business Report, Nov 19, 2007
NORDIC BUSINESS REPORT-19 November 2007-Auriga Industries A/S divests spraying equipment subsidiary Hardi International A/S to French group Exel Industries(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Danish industrial group Auriga Industries A/S announced on Monday (19 November) that it has agreed to sell its spraying equipment subsidiary Hardi International A/S to the French group Exel Industries.
The sales price is based on DKK290m for the shares, corresponding to an enterprise value of approximately DKK745m.
Hardi is an international supplier of crop spraying equipment with some 1,000 employees in nine countries, and with a turnover of approximately DKK1bn.
The divestment is part of Auriga Industries' strategy to focus on its largest subsidiary, the plant protection products producer Cheminova A/S.
Auriga Industries, headquartered in Lemvig, Denmark, currently comprises Cheminova and Hardi, with a total of 2,700 employees in 22 countries, and with a combined turnover of over DKK5bn. The company is listed on the OMX Nordic Exchange in Copenhagen.
One British pound (GBP) is worth approximately 10.41 Danish kroner (DKK).
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express