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RNS - MAX Automation SE: Supervisory Board decides closure of IWM Automation Bodensee GmbH

Company: MAX Automation SE Date: 2019-06-25 Language: English Register to download

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 News Details

Ad-hoc | 25 June 2019 18:24

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MAX Automation SE: Supervisory Board decides closure of IWM Automation Bodensee GmbH

MAX Automation SE / Key word(s): Strategic Company Decision  

MAX Automation SE: Supervisory Board decides closure of IWM Automation Bodensee GmbH  

  

25-Jun-2019 / 18:24 CET/CEST  

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

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AD-HOC RELEASE (PURSUANT TO SECTION 17 GERMAN SECURITIES TRADING ACT (WPHG))

**MAX Automation SE: Supervisory Board decides closure of IWM Automation Bodensee GmbH**

**Dusseldorf, June 25, 2019** – Having duly considered alternatives, including disposal, the Supervisory Board of MAX Automation SE has today decided the closure of the high loss-making subsidiary IWM Automation Bodensee GmbH in Bermatingen as of December 31, 2019. The process of closing IWM Automation Bodensee GmbH at its location in Bermatingen affects around 100 jobs. A social package and establishing a transfer company are intended to mitigate the consequences of job losses. Customer projects still to be processed will be duly completed in an orderly manner. In addition to the resulting operating losses, the additional costs for the closure will be in the upper one-digit million range.

**Contact:**  

Katja Redweik  

Head of Corporate Development/IR  

MAX Automation SE  

Tel.: +49 (0)211 – 9099 144  

[katja.redweik@maxautomation.com](mailto:katja.redweik@maxautomation.com)  

  

**Contact for media representatives:**  

Susan Hoffmeister  

CROSS ALLIANCE communication GmbH  

Tel.: +49 (0)89 – 125 09 03 30  

[sh@crossalliance.de](mailto:sh@crossalliance.de)

Marco Cabras  

newskontor – Agentur für Kommunikation  

Tel.: +49 (0)211 – 863 949 22  

[marco.cabras@newskontor.de](mailto:marco.cabras@newskontor.de)  

[www.maxautomation.com](https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=18a0233eb6485160c15ce49a075c9164&application_id=830843&site_id=news_data&application_name=news)

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25-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | MAX Automation SE |
|     | Breite Straße 29-31 |
|     | 40213 Düsseldorf |
|     | Germany |
| Phone: | +49 (0)211 90991-0 |
| Fax: | +49 (0)211 90991-11 |
| E-mail: | Investor.Relation@maxautomation.com |
| Internet: | www.maxautomation.com |
| ISIN: | DE000A2DA588 |
| WKN: | A2DA58 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 830843 |

  

|     |     |
| --- | --- |
|     |     |
| End of Announcement | DGAP News Service |

![show this](https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=830843&application_name=news&site_id=news_data)