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May 2018

Corporate/ Material flow/ Intralogistics/ Drive and conveyor technology/ Machine elements

Habasit Group acquires majority stake in NGI Holding A/S

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Reinach/Switzerland, May 8th 2018 – Habasit Group ("Habasit") today announces its acquisition of a majority stake in NGI Holding A/S ("NGI") from Adelis Equity Partners Fund I AB ("Adelis").

Andrea Volpi, CEO of Habasit stated: "By being part of the Habasit's global network, NGI will be able to expand market coverage and product portfolio at an accelerated rate. At the same time NGI's expertise in hygiene and conveyor components will allow Habasit to build a broader and more valuable offer for all customers."

Jan Nygaard, CEO of NGI said: "NGI plans to continue the positive development we have seen under the co-ownership of Adelis and to exploit the significant growth potential at international level. Customers and suppliers can look forward to a continuation of the company's quality and service level and a further professionalization of its operations."
Jan Nygaard will stay on as CEO and shareholder and will thus continue to contribute to the company's positive development.

Steffen Thomsen, Partner at Adelis said: "NGI was Adelis' first Danish investment and since 2014 we have had the pleasure to work closely and in a great partnership with the NGI management to grow this great company in every aspect of the word. We are very pleased with our investment in a strong and innovative niche industrials company as NGI. And we are particularly glad that our joint efforts are appreciated by a prominent industrial player like Habasit who will provide excellent opportunities for NGI to continue the company's positive development."

Habasit was advised by EY Corporate Finance and EY Transaction Services teams and by Horten Advokatpartnerselskab, all based in Copenhagen, Denmark. Adelis was advised by Kromann Reumert.


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