Continental AG — M&A Activity 2006

Apr 3, 2006

News Details

Ad-hoc | 3 April 2006 14:00

Continental AG: Continental to acquire Motorola´s automotive electronics business

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Ad-hoc Disclosure Continental to acquire Motorola’s automotive electronics business Continental AG, Hannover, has signed an agreement to acquire the worldwide automotive electronic business of Motorola, Inc., Schaumburg, USA. The purchase price has been agreed at 1 billion US-Dollar. In 2005, Motorola’s automotive electronics business has generated profitable annual revenues of approx. 1.6 billion US-Dollar, of which more than 2/3 are allocable to the NAFTA-Region. The business employs approx. 4,500 employees at their main production and engineering facilities in the USA, Mexico, France and China. It produces and supplies electronic control units for the power train, for chassis control and for interior applications. In particular, it develops and supplies embedded telematics products which enable communication from the car to external network units. Telematics products can be used for various new safety and comfort functionalities (e.g. for telecommunication and navigation) in the car. The transaction is expected to be completed in the first half of 2006 and is subject to merger control clearance and other closing conditions. Hannover, April 3, 2006 Continental AG (c)DGAP 03.04.2006 ————————————————————————— language: English emitter: Continental AG Vahrenwalder Straße 9 30165 Hannover Deutschland phone: +49 (0)511 938-17 10 fax: +49 (0)511 938-19 43 email: ir@conti.de WWW: www.conti.de ISIN: DE0005439004 WKN: 543900 indexes: DAX stockmarkets: Amtlicher Markt in Wiener Börse, Frankfurt (Prime Standard), Hannover, Hamburg, Luxembourg, SWX, Stuttgart; Freiverkehr in Berlin-Bremen, München, Düsseldorf End of News DGAP News-Service —————————————————————————