Dürr AG — M&A Activity 2005

Jun 8, 2005

News Details

Ad-hoc | 8 June 2005 12:24

Dürr AG:Dürr and Voith close contract for the sale of Premier

Ad hoc announcement §15 WpHG Dürr and Voith close contract for the sale of Premier Dürr AG:Dürr and Voith close contract for the sale of Premier Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Stuttgart, June 8, 2005 – Dürr AG, Stuttgart, hereby communicates that the contract concluded on March 15, 2005 with the Voith Group, based in Heidenheim, covering the sale of Dürr’s Services division to Voith has been closed. Yesterday evening Voith was informed that an antitrust authority had approved the deal, which had until this time be subject to such authorization being forthcoming. The cash inflow from the sale as agreed upon has been realized. Dürr is expecting a capital gain on the sale amounting to presumably more than EUR 10 million that will be booked in the discontinued operations. The Services division consists of the Premier Group, whose core corporation is Premier Manufacturing Support Services Inc., located in Cincinnati, Ohio, USA. In fiscal 2004, the Premier Group achieved sales of EUR 159 million and generated EBT of EUR 8.1 million. The headcount comes to some 5,500 employees. For follow-up questions please feel free to contact: Dürr AG Stephan Haas Corporate Communications & Investor Relations Tel.: +49 (0)711 136-1785 Fax: +49 (0)711 136-1034 E-Mail:corpcom@durr.com Dürr AG Otto-Dürr-Strasse 8 70435 Stuttgart – Zuffenhausen Deutschland ISIN: DE0005565204 (SDAX) WKN: 556520 Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Stuttgart; Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg und Hannover End of ad hoc announcement (c)DGAP 08.06.2005 081224 Jun 05