Dürr AG — M&A Activity 2005

Mar 15, 2005

News Details

Ad-hoc | 15 March 2005 21:24

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

Ad hoc announcement §15 WpHG Dürr and Voith sign contract for the sale of Premier Dürr AG:Dürr and Voith sign contract for the sale of Premier Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— Dürr and Voith sign contract for the sale of Premier Stuttgart, March 15, 2005 – As announced in February 2005, Dürr AG, Stuttgart, is selling its Services business unit to Voith Group, which is based in Heidenheim. The Services unit consists of the Premier Group including the core company Premier Manufacturing Support Services Inc., based in Cincinnati, Ohio, USA. The purchase agreement was signed today at 8 p.m. Both parties to the contract agreed to maintain confidentiality as regards the purchase price. Consummation of the purchase agreement is subject to the usual qualifications including approvals from antitrust authorities. On February 23, 2005 Dürr AG announced that as part of the realignment in Group structure it intended to spin off its Services business unit. According to the preliminary financial figures prepared according to IFRS, the Premier Group achieved 2004 sales of EUR 159 million and posted a profit. The company has approximately 5,500 employees. Since March 1, 2005 Dürr has reorganized its operations to hinge on two divisions, Paint and Assembly Systems as well as Measuring and Process Systems. Previously, the corporation had five business units. Contact: Dürr AG Stephan Haas Corporate Communications & Investor Relations Tel.: +49 (0)711 136-1785 Fax: +49 (0)711 136-1034 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 15.03.2005 152124 Mär 05