Koenig & Bauer AG

M&A Activity • Oct 18, 2004

News Details

Ad-hoc | 18 October 2004 10:56

Koenig & Bauer AG acquires remaining shares of Metronic AG

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Koenig & Bauer AG acquires remaining shares of Metronic AG KBA has followed up its acquisition in January of a 73.9% stake in Metronic with the purchase of the remaining shares from company founder Torald L Rohloff for an undisclosed sum. Metronic manufactures inkjet, hot stamping, laser and thermal transfer ID devices for industrial applications, plus UV offset printing systems for CDs, DVDs, DCRs and plastic cards. For the 2004 business year, in which it will be consolidated in KBA’s group accounts for the first time, the company is targeting sales worth EUR36m ($44.9m). end of ad-hoc-announcement (c)DGAP 18.10.2004 ——————————————————————————– WKN: 719350; ISIN: DE0007193500; Index: SDAX Listed: Amtlicher Markt in Frankfurt (Prime Standard) und München; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Stuttgart 181056 Okt 04