IR-News & Press

 
2020-12-02

3U divests itself of the underfloor heating installation business

  • Jointly with a strategic investor management takes over the 3U shares in ClimaLevel Energiesysteme GmbH
  • Business relationship with 3U subsidiary PELIA Gebäudesysteme GmbH to be continued
  • 3U HOLDING AG consistently continues to focus on strategic priorities

Marburg, 2 December 2020 – 3U HOLDING AG (ISIN DE0005167902) has sold its 75 % share in ClimaLevel Energiesysteme GmbH, Cologne, to the co-shareholder and managing director Uwe Kemmer, to another employee of the company and to a strategic investor. The transaction is in line with 3U's strategy of focusing on its most promising strategic business areas in megatrends. 

Also in the new shareholder structure, ClimaLevel GmbH intends to continue to purchase services from the 3U subsidiary PELIA Gebäudesysteme GmbH as previously provided within the Group. The transaction will generate additional income of EUR 1.3 million and a net cash inflow of around EUR 2.3 million in the 2020 financial year. The effects on the Group’s business figures from the 2021 financial year onwards will be announced early in 2021 after completion of the internal 3U Group planning and in connection with the annual forecast.

Following this step, third party revenue in the SHAC segment (sanitary, heating and air conditioning technology) of the 3U Group will in future result primarily from e-commerce, only minor parts will result from services in the areas of supply chain and procurement.

“With the disposal of the underfloor heating systems installation business, we are taking a further step towards an even stronger emphasis on our successful business areas in megatrends”, underlines Michael Schmidt, Speaker of the Management Board of 3U HOLDING AG. “Our key, future-oriented focal points are and will remain cloud computing and online trading.”

 

Further Information: 
Dr Joachim Fleing 
Investor Relations 
3U HOLDING AG 
Tel.: +49 6421 999-1200 
Fax: +49 6421 999-1222 
E-mail: IR@3U.net

About 3U:
3U HOLDING AG (www.3u.net) has its headquarters in Marburg, Germany, and was founded in 1997. It is the operating management and investment holding company at the head of the 3U Group. It acquires, operates and sells companies in the three segments of ITC (Information and Telecommunications Technology), Renewable Energies and SHAC (Sanitary, Heating and Air Conditioning Technology). The 3U Group has successful and profitable business models based on megatrends in all three segments. It continues to expand its business activities dynamically, particularly in its strongest growth areas of cloud computing and online trading, in which it is striving to achieve leading positions in the market.

3U HOLDING AG’s shares are traded on XETRA, Tradegate and on the German regional stock exchanges (ISIN: DE0005167902; identifier: UUU).