M&A Activity • Jul 30, 2007
M&A Activity
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News Details
Ad-hoc | 30 July 2007 20:59
DEUTZ AG:DEUTZ AG sells DEUTZ Power Systems to 3i and continues with strategy of focus
DEUTZ AG / Disposal/Disposal
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DEUTZ AG sells DEUTZ Power Systems to 3i and continues with strategy of
focus
DEUTZ AG has signed an agreement to sell its gas-engines and diesel-engines
business for decentralised power generation (DEUTZ Power Systems) to 3i.
The agreed purchase price is €360 million. The transaction is expected to
close by the end of the third quarter. The sale is subject to approval by
the Supervisory Board of DEUTZ AG and the antitrust authorities.
The overlap between DEUTZ Power Systems and the Compact Engines business of
DEUTZ AG is limited as business processes, customer profiles and market
characteristics differ. The transaction concludes the process of focussing
on Compact Engines following the exit from the medium and large size marine
business.
Information and Explaination of the Issuer to this News:
With annual sales of about € 1.5 billion DEUTZ is one of the world’s
leading independent suppliers of diesel and gas engines that are used in
construction and agricultural machinery, power generation plants,
commercial and rail vehicles, and ships. The range of DEUTZ engines
stretches from 4 to 4,000 kW. DEUTZ customers are served by 16 sales
companies, 12 sales offices, 16 service centres, and more than 800 sales
and service partners in more than 130 countries all over the
world.
Further information about DEUTZ AG is available at http://www.deutz.com/.
Contact: Andrea Bleesen
Tel.: +49 (0)221 822 2492
Fax: +49 (0)221 822 2498
Email: [email protected]
Language: English
Issuer: DEUTZ AG
Ottostraße 1
51149 Köln (Porz-Eil)
Deutschland
Phone: +49 (0)221 822 0
Fax: +49 (0)221 822 3525
E-mail: [email protected]
Internet: www.deutz.com
ISIN: DE0006305006, DE000A0LR5W4
WKN: 630500, A0LR5W
Indices: MDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Düsseldorf;
Freiverkehr in Berlin, Hannover, Hamburg, München, Stuttgart
End of News DGAP News-Service
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