DEUTZ AG

M&A Activity • Jan 13, 2005

News Details

Ad-hoc | 13 January 2005 15:00

DEUTZ AG: DEUTZ sells marine service business to WÄRTSILÄ

Ad hoc announcement §15 WpHG Strategic Corporate Decisions DEUTZ AG: DEUTZ sells marine service business to WÄRTSILÄ Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— DEUTZ sells marine service business to WÄRTSILÄ Reorganisation of the DEUTZ medium and large engine business completed DEUTZ Power Systems focussed on power generation Marine service business will be transferred to Wärtsilä DEUTZ sells the assets of its medium and large engine marine service business to the Finnish Wärtsilä Corporation. The acquisition price is EUR 115 million. The business consists of original spare parts sale, repair and maintenance of medium and large diesel engines installed in vessels and offshore applications. The transfer of the marine engine business comprises the customer information, know-how, use of brands, use of intellectual property, spare parts stock and logistics worldwide. Approximately 200 people from DEUTZ organisation will move to Wärtsilä in different parts of the world. Wärtsilä will use the DEUTZ Marine brand name and will be the supplier of the original spare parts and services including technical support for the DEUTZ medium and large sized marine engine customers worldwide. The parties aim to close the transaction in the first four months of 2005. The deal is subject to competition authority approvals. For further information about DEUTZ AG, please visit http://www.deutz.de/ Contact: Andrea Bleesen Phone: +49 (0) 221 8 22-24 92 Fax: +49 (0) 221 8 22-21 16 E-Mail: bleesen.a@deutz.de Deutz AG Deutz-Mülheimer Str. 147-149 51063 Köln Deutschland ISIN: DE0006305006, DE000A0AHTJ4, DE000A0BNUN0, DE000A0DMKV2 WKN: 630500, A0AHTJ, A0BNUN, A0DMKV Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Hamburg, Hannover, München und Stuttgart End of ad hoc announcement (c)DGAP 13.01.2005 131500 Jän 05