MLP : strategically opens the market for industrial insurance – acquisition of RVM forms the fundamental basis

Continuity is assured for the over 2,500 existing clients that work with RVM. The company will continue to operate under the same brand and with the same, proven management team. 'Within the MLP Group, we benefit from its financial strength and Germany-wide orientation. This will help us further develop and network our business. At the same time, we remain the familiar reliable partner for our clients,' comments Erich Burth, managing partner at RVM. Around 200 employees currently work for the company, whose headquarters are located in Eningen/Reutlingen.

'An important factor in the brokerage business at RVM is the company's identity as a medium-sized enterprise, which we will continue to strengthen within the MLP Group. The objective is to be an essential contact for Germany's medium-sized firms in an organisation that operates throughout Germany,' comments Manfred Bauer, Member of the Executive Board at MLP. 'There is also further synergy potential in coaction with other parts of the MLP Group. For example, MLP's corporate clients in the field of occupational pension provision can now also cover their industrial insurance requirements from a single source. At the same time, synergies are created within the MLP Group thanks to the use of the same IT infrastructure and in further processes in the operating business.'

The acquisition contract was signed today. The undertaking is scheduled to be implemented in the second quarter of 2021 with economic effect from January 1, 2021, subject to approval by the competition authorities. A significant portion of RVM's EBIT is generated in the first quarter of a year due to the seasonal nature of the business. Until the transaction is implemented, the result for the year 2021 will be recognized in equity capital.

MLP was advised on the transaction by GSK Stockmann and Ernst & Young, RVM by RWT Anwaltskanzlei GmbH and Reutlinger Wirtschaftstreuhand GmbH.