INDUS acquires British company COLSON X-Cel in the future field of
measurement and control technology

EQS-News: INDUS Holding AG / Key word(s): Takeover
INDUS acquires British company COLSON X-Cel in the future field of
measurement and control technology

27.03.2024 / 08:10 CET/CEST
The issuer is solely responsible for the content of this announcement.

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INDUS acquires British company COLSON X-Cel in the future field of
measurement and control technology

  * Manufacturer of industrial valves for the control and regulation of
    liquids and gases complements activities of INDUS portfolio company
    HORNGROUP

  * The INDUS Group's internationalisation strategy focuses on local for
    local manufacturing

Bergisch Gladbach, 27 March 2024 - The listed company INDUS Holding AG is
strengthening its Engineering segment with a further add-on acquisition:
Pneumatic Components Ltd (PCL), a subsidiary of INDUS portfolio company
HORNGROUP, is buying 100% of the shares in COLSON X-Cel Ltd. The British
company based in Rotherham, South Yorkshire, develops and produces
industrial valves for measurement and control technology; including valves,
shut-off units and measuring devices for controlling liquids and gases. With
around 40 employees, COLSON generates annual sales of around EUR 7 million.
PCL, a provider of pneumatic solutions including analogue and digital tyre
pressure monitoring systems, has been part of the HORNGROUP since 2012. With
six operating companies at locations in Germany, the UK, the USA, China and
India, the HORNGROUP bundles solutions for refuelling and workshop
applications.

Axel Meyer, member of the INDUS Board of Management responsible for the
Engineering segment: 'COLSON complements our portfolio in the technology
area of fluid technology very well, which includes the HORNGROUP with its
brands FLACO, PCL and TECALEMIT as well as the INDUS subsidiary GSR
Ventiltechnik.' Increasing automation in sectors such as the energy
industry, the chemical industry and the manufacturing industry is driving
market growth for products for regulating liquid and gas flows. New
opportunities lie in the future field of environmental and energy
technology, such as hydrogen applications. In March 2024, INDUS had already
acquired the remaining 15% of the US company TECALEMIT Inc. on behalf of the
HORNGROUP.

'The business model and product programme of COLSON and our subsidiary PCL
complement each other,' says Joerg F. Mayer, Managing Director of the INDUS
portfolio company HORNGROUP. 'This will enable the two operationally
independent companies to pool expertise, expand capacities and benefit from
their geographical proximity in terms of market cultivation.'

'Based on its strong position in the UK market, COLSON is increasingly
tapping into international growth potential, for example in North America
and the Middle East,' says Andrew Taylor, previous owner of COLSON. 'As the
new owner, INDUS offers the financial strength and the corresponding
expertise to expand the market.' The previous directors, Dean Groombridge
and James Hinchliffe, will continue in their current roles.

Axel Meyer: 'With the acquisition of COLSON, we are following INDUS'
principle of internationalisation, which, among other things, focuses
strongly on local for local manufacturing. The ability to react quickly and
flexibly to customer requirements and to produce small batch sizes locally
with short delivery times is a key success factor for our SME portfolio
companies.'

About INDUS Holding AG:
Established in 1989 and headquartered in Bergisch Gladbach, INDUS Holding AG
is a leading specialist for sustainable corporate development in the
German-speaking SME sector. INDUS acquires two to three technology-oriented
and promising industrial engineering companies for the Engineering,
Infrastructure, and Materials segments annually. As a value-driven
investment company with a clear focus on defined growth topics, INDUS
provides its 43 operationally independent portfolio companies with active,
long-term support in their corporate development, especially in the fields
of innovation, market excellence, operational excellence, and
sustainability. SDAX-listed INDUS Holding AG has been included in the Prime
Standard of the Frankfurt Stock Exchange (DE0006200108) since 1995. INDUS
generated sales of around 1.8 billion euros in 2023. For more information,
visit www.indus.de.

Note:
This press release contains forward-looking statements. These statements are
based on the current views, expectations and assumptions of the management
of INDUS Holding AG and comprise known and unknown risks and uncertainties
that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. INDUS Holding AG assumes
no obligation to update forward-looking statements.


Contact:
Nina Wolf & Dafne Sanac
Public Relations & Investor Relations

INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany

Tel +49 (0) 022 04 / 40 00-73
Tel +49 (0) 022 04 / 40 00-32
E-mail presse@indus.de
E-mail investor.relations@indus.de
www.indus.de/en/


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27.03.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        INDUS Holding AG
                   Kölner Straße 32
                   51429 Bergisch Gladbach
                   Germany
   Phone:          +49 (0)2204 40 00-0
   Fax:            +49 (0)2204 40 00-20
   E-mail:         indus@indus.de
   Internet:       www.indus.de
   ISIN:           DE0006200108
   WKN:            620010
   Indices:        SDAX
   Listed:         Regulated Market in Dusseldorf, Frankfurt (Prime
                   Standard); Regulated Unofficial Market in Berlin,
                   Hamburg, Hanover, Munich, Stuttgart, Tradegate
                   Exchange; Vienna Stock Exchange
   EQS News ID:    1868145

End of News EQS News Service
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1868145 27.03.2024 CET/CEST