05.11.2007 18:00:00 CET
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PRESS RELEASE
Paris, 5 November 2007 - 6pm
YOUR OPERATIONAL LEASING SOLUTION
Acquisition of Warex sro by Touax Solutions Modulaires Touax affirms its position in Eastern Europe
The Touax Group, the world's fourth-largest and Europe's third-largest lessor of modular buildings, with about 30,000 units, today announces that it is acquiring Warex sro, the market leader in the Czech Republic, through its holding company Touax Solutions Modulaires.
By integrating Warex into its existing European network, Touax Solutions Modulaires can build a platform for strong development in the countries of Central and Eastern Europe, which are experiencing very strong demand and growth.
Warex is headquartered in Prague and established in the Czech Republic and Slovakia. It also distributes in Hungary, Romania, Bulgaria, Ukraine and Russia. The company already sells 6,500 modular buildings annually in the Czech Republic and is set to generate revenues of €25 million by the end of 2007. With its presence in three market segments - building & public works, schools and industry - Warex has in 10 years developed such a reputation and wealth of know-how that it is now one of the leading choices among entrepreneurs seeking to develop their business in Eastern Europe.
This acquisition will be very positive for the 2008 results, the forecasts for which will be announced in December 2007. The Group confirms its 2007 target of increasing its consolidated net income by over 40% compared to 2006.
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The TOUAX Group provides operational leasing of shipping containers, modular buildings, river barges and freight railcars for a global customer base, both for its own account and on behalf of investors.
TOUAX is listed in Paris on NYSE EURONEXT - Eurolist Compartment C (ISIN code FR0000033003) and is part of the Next Prime quality segment of NYSE EURONEXT.
Contacts:
Fabrice WALEWSKI / Raphaël WALEWSKI Managers touax@touax.com Tel: 01 46 96 18 00 www.touax.com
Sébastien BERRET sberret@actus.fr Tel: 01 53 67 36 52