allein mit dieser Übernahme will man Profit und 10,7 Mio € Jahresumsatz holen. Außerdem möchte man weitere Übernahmen abwickeln, um so auf 50 Mio € Jahresumsatz zu kommen und eine Gewinnrate von mindestens 10% zu erzielen. Bei ca. 6 Mio Aktien Outstanding wäre das eine ganze Menge Gewinn pro Aktei, genug um uns eine saftige Rendite zu bescheren. Natürlich, vorausgesetzt die Strategie geht auf.
Too Gourmet, Inc. Executes Letter of Intent With German Automotive Technology Company
TUESDAY, NOVEMBER 19, 2002 3:14 PM
- BusinessWire
IRVINE, Calif., Nov 19, 2002 (BUSINESS WIRE) -- Too Gourmet, Inc. (TGOU) is pleased to announce that it has entered into a non-binding Letter of Intent to acquire up to 100% of the outstanding common stock of a German automotive technology and services provider, subject to due diligence review, negotiations and drafting of the definitive agreement which would include representations and warranties standard for transactions of this nature and magnitude. Terms of the proposed transaction have not been disclosed.
The merger candidate was incorporated in 1989 and develops innovative hardware and software applications for the automotive industry. Its offices are located in Germany and in the United States. Its services, hardware and software solutions applications specialize in two core areas: sophisticated exhaust emission measurement systems and software technologies systems for test-stand automation and related workflow management solutions. The merger candidate generates profitable sales directly through its corporate offices and indirectly though distributors located in over ten countries. Its total annual revenues for its last fiscal year were approximately 10.7 million Euro.
With a vehicle park and economy comparable in size to the United States, the European Union (EU) generates significant demand for automotive aftermarket parts, accessories and services. The ongoing political, economic and technological harmonization of the EU is uncovering new opportunities for companies looking to profit from the region's automotive aftermarket industry.
According to the Automotive Aftermarket Industry Association (AAIA), the size of the motor vehicle aftermarket in the United States grew by 3.5% in 2001 to $255.2 billion, with the automotive segment recording the largest growth, at a 4.8% increase to $178.8 billion. Sales are forecast to expand to more than $185.8 billion by the end of 2002.
