AKKA TECHNOLOGIES : AKKA Technologies optimises its financing


AKKA is taking advantage of the prevailing low interest rates to structure its medium-term financing and has successfully issued ¤100m in bonds as a European private placement.

  • Financing context
  • Following the acquisition of MBtech, AKKA Technologies increased significantly in size to a company with pro forma sales of ¤925m. This financing initiative is an outgrowth of that change; it is not dilutive for shareholders and has no impact on the Group's net debt.

    The Group's sound structure and high-quality projects are attractive to investors and made this issue successful.

  • Description and basis of the transaction
  • Amount of the issue: ¤100m
    Maturity: 5 years, 4 months (June 2018)
    Annual coupon: 4.45%

    This bond issue will enable AKKA to:

    • ensure the long-term viability of the Group's Franco-German growth plan;
    • diversify and optimise its sources of financing between banks and institutional investors;
    • refinance the acquisition of MBtech and finance the Group's general business needs;
    • extend the average maturity of its debt at favourable market terms;
    • increase the Group's financial flexibility to pursue its growth strategy with peace of mind.

    Nicolas Valtille, AKKA's CEO, said, "With this private placement, we are gaining access to new sources of financing. The success of the transaction demonstrates that institutional investors have confidence in AKKA Technologies' European growth strategy."

    AKKA Technologies has a unique positioning as the leader in France and Germany, and the leader in the automotive and aeronautics sectors.

    Nearly 11,000 engineers in 20 countries leverage their solid expertise, provide sustainable project solutions and aim to serve customers.

    The prospectus for this bond issue received visa no. 13-055 from the French financial markets authority (AMF) on 27 February 2013. This prospectus is available (in French) on the websites of AKKA Technologies at www.akka.eu under "Documentation" and the AMF at www.amf-france.org
    The bonds will be listed on NYSE Euronext Paris - ISIN code XXXX - from 1 March 2013.

    Next press release:  full-year 2013 results on 2 April 2013 in Lyon after the market close and on 3 April in Paris.

    "The best way to predict the future is to invent it. Let's share our passion for technology."
    AKKA Technologies is a European Engineering and Technology Consulting Group that supports large manufacturing and tertiary services companies, seeing their projects through from the initial studies and R&D to large-scale production. AKKA Technologies is an expert in various complementary business lines and brings real added value to customers in sectors including aeronautics, automotive, space/defence, consumer electronics, telecommunications, chemicals, pharmaceuticals, steel, energy, rail, marine and service industries.

    AKKA Technologies is the leader in the automotive and aeronautics sectors in Germany and France, and thanks to the mobility of its staff and its international positioning, it collaborates on state-of-the-art technology projects around the world.

    AKKA Technologies has nearly than 11,000 employees and is present in 20 countries: Belgium, Canada, China, Czech Republic, France, Germany, Hungary, India, Italy, Morocco, Netherlands, Romania, Russia, Spain, Switzerland, Tunisia, Turkey, United Arab Emirates, United Kingdom and United States. AKKA's focus is on building a Group with revenue of ¤1 billion, with more than 50% deriving from outside France.
    AKKA Technologies is listed on EuronextTM Paris - Segment B, ISIN code: FR0004180537.
    Indices CAC® Small, CAC® Mid & Small, CAC® All-Tradable, CAC® All-Share
    For more information, please visit www.akka.eu



    AKKA Technologies
    Nicolas Valtille - Group CEO - Tel.: +33 (0)4 78 92 60 83 - finances@akka.eu
    Delphine Méric - Investor Relations - Tel.: +33 (0)6 81 20 97 14 -d.meric@akka.eu

    Actus Lyon
    Amalia Naveira - Analyst/Investor relations - Tel.: +33 (0)4 72 18 04 97 - anaveira@actus.fr
    Marie-Claude Triquet - Press Relations - Tel.: +33 (0)4 72 18 04 93 - mctriquet@actus.fr

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