Bauer AG — M&A Activity 2015

Dec 10, 2015

News Details

Ad-hoc | 10 December 2015 07:37

BAUER Aktiengesellschaft: BAUER Group seals joint venture in oil and gas drilling business with Schlumberger

BAUER Aktiengesellschaft / Key word(s): Joint Venture/Alliance

10.12.2015 07:37

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Schrobenhausen - On December 09, 2015, BAUER Maschinen GmbH, an affiliated
company of BAUER AG (ISIN: DE005168108), finalized negotiations for a joint
venture with Schlumberger, the world's leading supplier of technology,
integrated project management and information solutions for customers in
the oil and gas industry.

It was agreed that Schlumberger would contribute 49 % through a cash
capital increase to each of two companies of the BAUER Group, BAUER Deep
Drilling GmbH with its registered office in Schrobenhausen, Germany, and
BAUER Manufacturing LLC with its registered office in Conroe, USA.

In the joint venture, large drilling rigs for use with in the oil, gas and
geothermal sectors will be developed and manufactured for Schlumberger and
third parties. Two drilling rigs that are already under manufacture will be
delivered to Schlumberger at the start of 2016. Further machinery orders of
Schlumberger for the upcoming year shall be finalized in the next few
weeks. Both companies anticipate that the planned joint venture could soon
achieve revenues of more than one hundred million euros and open up great
opportunities for the future.

Additional information:
ISIN: DE0005168108, Bloomberg B5A
Official market / Prime Standard; Frankfurt Stock Exchange

Contact:
Christopher Wolf
Investor Relations
BAUER Aktiengesellschaft
BAUER-Strasse 1
86529 Schrobenhausen, Germany
Phone: +49 8252 97-1797
Fax: +49 8252 97-2900
investor.relations@bauer.de
www.bauer.de

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Language: English
Company: BAUER Aktiengesellschaft
BAUER-Straße 1
86529 Schrobenhausen
Germany
Phone: +49 (0)8252 97 1218
Fax: +49 (0)8252 97 2900
E-mail: investor.relations@bauer.de
Internet: www.bauer.de
ISIN: DE0005168108
WKN: 516810
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart

End of Announcement DGAP News-Service

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