TAB Looking for a Buyer Again

TAB Looking for a Buyer Again

According to the Finance newspaper, Nova Ljubljanska Banka is checking for interest for the successful Slovenian battery manufacturer Tovarna Akumulatorskih Baterij (TAB) again. It is not known to what which potential buyers the prospectus has been sent.

Last year, SEE Legal reported that TAB has been in serious negotiations regarding the sale of the company to the South African company Metair Investments, but later their EUR 300 million bid has been dropped because of the depreciating rand.

TAB is producing a wide range of lead acid flooded, VRLA AGM and VRLA Gel batteries in three modern factories with approximately 1,300 employees. They have after-market automotive battery manufacturing facilities in Slovenia and Macedonia, an automotive aftermarket battery distribution network throughout Europe, as well as a global industrial battery business and an energy storage business.

TAB Group generated EUR 336.4 million of sales revenue last year, which is two percent more than in 2017. Last year, EBITDA for the Group amounted to EUR 50.9 million, while the Group’s net profit reached EUR 31.6 million – a 6.7 percent increase compared to 2017.

According to the Finance newspaper, Nova Ljubljanska Banka is checking for interest for the successful Slovenian battery manufacturer Tovarna Akumulatorskih Baterij (TAB) again. It is not known to what which potential buyers the prospectus has been sent.

Last year, SEE Legal reported that TAB has been in serious negotiations regarding the sale of the company to the South African company Metair Investments, but later their EUR 300 million bid has been dropped because of the depreciating rand.

TAB is producing a wide range of lead acid flooded, VRLA AGM and VRLA Gel batteries in three modern factories with approximately 1,300 employees. They have after-market automotive battery manufacturing facilities in Slovenia and Macedonia, an automotive aftermarket battery distribution network throughout Europe, as well as a global industrial battery business and an energy storage business.

TAB Group generated EUR 336.4 million of sales revenue last year, which is two percent more than in 2017. Last year, EBITDA for the Group amounted to EUR 50.9 million, while the Group’s net profit reached EUR 31.6 million – a 6.7 percent increase compared to 2017.