Bauer AG — M&A Activity 2015

Sep 9, 2015

News Details

Ad-hoc | 9 September 2015 18:30

BAUER Aktiengesellschaft: BAUER Group negotiates partnership in the deep drilling business

BAUER Aktiengesellschaft / Key word(s): Letter of Intent/Joint Venture

09.09.2015 18:30

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 September 9, 2015, BAUER Maschinen GmbH, an affiliated
company of BAUER AG (ISIN: DE005168108), has signed a non-binding letter of
intent (LOI) with Schlumberger, the world's leading supplier of technology,
integrated project management and information solutions for customers in
the oil and gas industry. In this LOI, negotiations towards a joint
venture, which outlines a common approach for the development and
construction of larger deep drilling rigs for the oil, gas and geothermal
sectors, have been agreed.

It is expected that the subsidiaries of BAUER Maschinen GmbH that operate
in this segment shall be contributed to the joint venture. As part of the
joint venture, rigs shall be developed and specifically built for
Schlumberger. In addition, other rig types including associated equipment
shall be offered to international rig drilling companies.

Both companies anticipate that the planned joint venture can soon achieve
revenues of more than one hundred million euros and open up great
opportunities for the future.

Definitive documentation and the closing of the transaction is planned to
be finalized during the fourth quarter of 2015.

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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