Nuremberg, 23 October 2019

On 17 October 2019, the purchase agreement was signed with Mr. Markus Schoder, formerly the sole shareholder of Martin Reisch GmbH. Since the beginning of 2019, Mr. Schoder has been advised by Concentro Management AG on the sale of his shares. The Innsbruck-based KONSTANT Group emerged as the new owner from a successfully conducted structured and international bidding process.

In more than 65 years of company history in family tradition, Martin Reisch GmbH has grown into a strong brand. Today the company is an established producer of high-quality trailers for the agricultural industry as well as push floor vehicles and tippers for the commercial vehicle industry with locations in Hollenbach/Bavaria and Eliasbrunn/Thuringia. REISCH manufactures around 1,100 vehicles annually and generated sales of over 26 million euros with its 200 employees in 2018.

For personal reasons, Mr. Schoder was looking for an experienced and above all sustainable partner to succeed his company. He found such a partner in the new managing directors, the KONSTANT owners Dietmar Gstrein and Clemens Gapp. Markus Schoder himself remains a shareholder and will continue to support REISCH and the new owners with his technical competence and decades of industry experience. The previous interim managing director Arne-G. Hostrup, who has been on board since 2018, will formally leave management on 31 October 2019, but will continue to support REISCH until the end of the year.

The clear objective of the new shareholders is to strengthen the growth course that has been embarked upon and to further expand the REISCH brand, which is rooted in Bavaria, beyond the borders of the region; in addition to new regions, the existing markets are to be increasingly addressed and new (niche) markets opened up. KONSTANT's powerful team and network will support the company's development and increase its existing potential.

"With KONSTANT, I have found the ideal partner to manage the succession of my company: entrepreneurial, partnership-based and long-term oriented. - Markus Schoder, former main shareholder Martin Reisch GmbH

"REISCH is a perfect match for us. We are looking for companies which we can develop actively and sustainably. Our goal is to strengthen the growth course we have embarked on and to grow, especially in our home market of Germany, but also beyond" - Dietmar Gstrein, Managing Director KONSTANT Group

"With Dietmar Gstrein and Clemens Gapp, Markus Schoder has found two dynamic and industrially very experienced partners with whom he can work on an equal footing in the shareholder circle. The investor process was very intensive. The success was made possible by the optimal cooperation of the parties involved, in particular Mr. Schoder, Mr. Hostrup, the company's tax and legal advisors, and Concentro." - Michael Raab, Partner Concentro Management AG

During the preparation and execution of the transaction, Mr. Schoder and Mr. Hostrup were advised by Concentro Management AG as M&A advisors, Mr. Rudolf Kettel and Dr. Ulrich Nickl as tax and legal advisors by Fürst und Partner GmbH, and Mr. Michael Wiehl of Rödl & Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaf, all from Nuremberg, as well as the tax and legal transaction process.