Koenig & Bauer AG

M&A Activity • Mar 10, 2005

News Details

Ad-hoc | 10 March 2005 09:56

Koenig & Bauer AG acquires Czech press maker Grafitec

Ad hoc announcement §15 WpHG Acquisition Koenig & Bauer AG acquires Czech press maker Grafitec Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— German press manufacturer Koenig & Bauer AG (KBA) has agreed to purchase Czech counterpart Grafitec, spol. s r. o. from American investment fund Charles Investment Partners and minority shareholders for an undisclosed sum. The acquisition is part of a strategic expansion drive in the small-format sheetfed offset market and builds on the dynamic growth now being experienced in KBA’s global sales of medium- and large-format presses. Grafitec employs 400 people and manufactures in Dobruska, near Hradec Králové, its Polly Prestige and Polly Performer presses for a sheet size of 520 x 740mm and 485 x 660mm. Over the past few years Grafitec has focused considerable resources on product development, driving year-on-year sales growth of over 50% in 2004. KOENIG & BAUER AG Friedrich-Koenig Straße 4 97080 Würzburg Deutschland ISIN: DE0007193500 (SDAX) WKN: 719350 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart End of ad hoc announcement (c)DGAP 10.03.2005 100956 Mär 05