DGAP-News: Turbon AG: Turbon AG complete the acquisition of NCR Corporations Interactive Printer Solutions MEA operation

Turbon AG: Turbon AG complete the acquisition of NCR Corporations Interactive Printer Solutions MEA operation

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DGAP-News: Turbon AG / Schlagwort(e): Sonstiges

Turbon AG: Turbon AG complete the acquisition of NCR Corporations

Interactive Printer Solutions MEA operation

21.12.2017 / 11:54

Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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Corporate News -Turbon AG

Turbon AG: Turbon AG complete the acquisition of NCR Corporations

Interactive Printer Solutions MEA operation

We are pleased to announce that we have completed the acquisition of the IPS

Division of NCR MEA (Middle East Africa) effective 21st December. The

company will trade as Interactive Printer Solutions FZCO (IPS) a member of

the Turbon Group of Companies (www.ips-mea.com). The new company has been

established by Turbon AG in conjunction with two former long term NCR

Executives, Mr. Shankar Ganapathi and Mr. Simon McCouaig, who will both hold

minority interests. Mr. Ganapathi will continue to manage the operation as

its Managing Director. Mr. McCouaig is a member of Turbon AG's Executive

Board since December 2016 and will also be a director of IPS.

With its manufacturing plant in Jebel Ali Free Zone in Dubai, IPS is the

market leader in MEA for paper rolls, ticketing and cheque solutions with

significant market share in the Financial, Retail and Hospitality markets.

IPS will retain the whole experienced team of dedicated employees in order

to guarantee the continuation of the well-known service and support to its

customers in the future. Also, as many customers in the region are shared,

IPS will continue to work closely together with NCR in the MEA region.

Turbon with its strong presence in Europe and the USA will complement the

IPS business as a leading company in the field of aftermarket laser toner

cartridges. Through the use of the MEA distribution network Turbon will be

able to expand its presence in the Middle East Africa region and bring its

extensive range of laser toner cartridges to the market, including leading

brands such as IBM and AGFAPHOTO. In addition Turbon will enable IPS to

offer MPS (managed print services) and MDS (managed document services)

solutions to its current and new customers.

The newly acquired MEA network will also play an important role in Turbon's

diversification strategy. IPS operates warehouses in many major Middle East

countries and has through its experienced sales team and a well-established

distributor group access into basically all MEA markets. Through IPS all

Turbon companies now have access to this network in a rapidly developing

market.

For a European company of Turbon's size this is a unique position to work

from and in line with Turbon's platform strategy, it enables us to open up

the newly acquired distribution network to small and mid-sized companies who

have an offering of interesting products for the MEA markets but are not

able to build up a comparable network themselves.

Hattingen, 21. December 2017

Turbon AG

Kontakt:

Andreas Ullrich

Leiter Finanzen

+49 2324 504 0

info@turbon.de

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21.12.2017 Veröffentlichung einer Corporate News/Finanznachricht,

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Sprache: Deutsch

Unternehmen: Turbon AG

Ruhrdeich 10

45525 Hattingen

Deutschland

Telefon: +49 (0)2324 - 504-0

Fax: +49 (0)2324 - 504-156

E-Mail: info@turbon.de

Internet: http://www.turbon.de

ISIN: DE0007504508

WKN: 750450

Börsen: Regulierter Markt in Düsseldorf, Frankfurt (General

Standard); Freiverkehr in Berlin, Hamburg, München,

Stuttgart

Ende der Mitteilung DGAP News-Service

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