DÜRR AG : Reviewing strategic options for its CTS division (excl. battery business), PFS & APT bundled in new 'Automotive' division, outlook confirmed
>CTS division (excl. battery business) may yield an EV of ~€ 280m, helping to bring down net debt/EBITDA after BBS acquisition - Dürr is reviewing strategic options (including a sale) for the air pollution control technology and noise abatement systems business units, which are part of the Clean Technology Systems (CTS) division. These activities generated FY 23 sales of ~€ 430m. No strategic options are being reviewed for the battery production technology business, w...Duerr is a mechanical and plant engineering group based in Germany. Co. operates through five divisions: Paint and Assembly Systems (production and paint finishing technology for automotive bodyshells and aircraft); Application Technology (products and systems for automated painting applications as well as sealing and glueing technology); Measuring and Process Systems (machines and systems for use in engine, drive construction and final assembly); Clean Technology Systems (plant and equipment for purifying exhaust gases produced by industrial processes and energy efficiency technologies for production processes); and Woodworking Machinery and Systems (machinery for the woodworking industry).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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