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M&A Activity • Sep 28, 2007

News Details

Corporate | 28 September 2007 14:45

ARQUES Industries AG: Takeover of automotive supplier, Woco Michelin AVS, completed

ARQUES Industries AG / Acquisition

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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ARQUES: Takeover of automotive supplier, Woco Michelin AVS, completed

Starnberg, September 28, 2007 – The Starnberg-based equity investment
company, ARQUES Industries AG (ISIN DE0005156004), has successfully
completed the takeover of the internationally operational automotive
supplier, Woco Michelin AVS, Amsterdam. After the authorisation of the
transaction by the Federal Cartel Office at the beginning of September, the
contract with the Woco Group and Michelin has now been closed.

With the complex transaction, a total of 13 locations in Europe, America,
Asia and South Africa were taken over. Woco Michelin AVS develops and
produces innovative anti-vibration systems internationally, primarily for
the automobile industry, and most recently generated revenues of more than
EUR 250 million.

Woco Michelin AVS is a primary developer and manufacturer of innovative
functional solutions for driving dynamics, comfort and road safety and is
represented in Europe, America, Asia and South Africa with 13 locations
supporting the local automobile industry. The company’s services cover the
entire anti-vibration system process chain from the concept to the
production line stage. The Woco Michelin AVS product range includes chassis
components, aggregate storage, exhaust system hangers as well as decoupling
elements and mass dampers. Apart from the automobile industry (e.g.
Volkswagen, Renault, Peugeot/Citroen, Daimler and Ford), the company’s
customers include the railway industry and other industrial sectors. Woco
Michelin AVS employs approximately 2,400 employees globally.

In the current financial year, ARQUES has acquired companies with a sales
volume of significantly more than EUR 3 billion. The annualised ARQUES
group revenues increase to EUR 4 billion through the acquisition of WOCO
Michelin AVS.

About ARQUES

ARQUES Industries AG, Starnberg, (www.arques.de), is a turnaround
specialist who focuses on the acquisition and the active restructuring of
companies in transitional situations, in order to develop these, with its
own team and own resources, to competitive enterprises with a positive
yield. ARQUES revitalises its subsidiaries' potential for creating value
for the benefit of all its stakeholders, taking on the relevant social
responsibility. ARQUES has made a duty of identifying underestimated
companies with reduced survivability but with high appreciation potential,
at the same time mastering complex company structures and transitional
situations. The shares of ARQUES Industries AG are traded in the regulated
market (Prime Standard) of the Frankfurt Stock Exchange under the symbol
'AQU' (ISIN: DE0005156004) and are listed in the MDAX as of October 1,
2007.

Contact:

ARQUES Industries AG
Investor Relations & Corporate Communication
Anke Lüdemann, CEFA/CIIA
Email: luedemann@arques.de

Public Relations
Christian Schneider
Email: schneider@arques.de

Tel.: +49 (0) 8151/ 651 0
28.09.2007 Financial News transmitted by DGAP

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Language: English
Issuer: ARQUES Industries AG
Münchner Str. 15a
82319 Starnberg
Deutschland
Phone: +49 (0)8151 651-0
Fax: +49 (0)8151 651- 500
E-mail: info@arques.de
Internet: www.arques.de
ISIN: DE0005156004
WKN: 515600
Indices: SDAX
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, Düsseldorf, München, Stuttgart

End of News DGAP News-Service

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