BAVARIA Industries Group AG, Munich, sells its 100% stake in SIDES S.A.S., Saint Nazaire, France, to ARMORIC HOLDING, Tremeur, France

SIDES is a leading company in the development and manufacture of fire engines. The company manufactures fire extinguishing vehicles for use in airports, industrial plants and the municipal sector and has been active on the market for 60 years. In 2016 the company generated sales of around EUR 43 million.

BAVARIA Industries Group AG holds six European companies with around 3,000 employees. The majority of the industrial holding company, headquartered in Munich, is family-owned and has a long-term investment strategy.

For further questions please contact:

BAVARIA Industries Group AG
Reimar Scholz
Bavariaring 24
80336 Munich

Tel .: + 49 - (0) 89/72 98 967-0
Fax: + 49 - (0) 89/72 98 967-10
Email: infobaikapde