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Kendrion N.V. — M&A Activity 2007
Dec 24, 2007
3857_iss_2007-12-24_56bcb5c4-0467-4ed0-bcf1-d71916e60289.pdf
M&A Activity
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P R E S S R E L E A S E
K E N D R I O N N . V .
2 4 D E C E M B E R 2 0 0 7
Sale Automotive Metals activities completed
With reference to the press release of 21 November last announcing that agreement had been reached with Gnosjö-Gruppen Holding AB on the sale of its Automotive Metals activities, Kendrion can now report that approval has been granted by the Swedish competition authorities and that the transfer of the shares in the Automotive Metals companies and the payment involved took place.
Following the sale of Automotive Metals, Kendrion comprises two market-leading divisions: Kendrion Electromagnetic and Kendrion Distribution Services.
Profile of Kendrion N.V.
Kendrion N.V. designs, manufactures and sells high-quality electromagnetic components. It also processes and distributes semi-finished plastics. The company currently has approximately 2,500 employees in 18 countries worldwide.
Kendrion seeks to develop strong leading positions in selected niche markets in Europe. Its mission is to be a leading international company that uses its existing know-how, innovative skills and commercial strengths to provide effective solutions for its customers in industry. In doing so, it seeks to be a transparent, flexible and reliable company that combines entrepreneurial zest with clear profit objectives.
Kendrion shares are listed on the NYSE Euronext Amsterdam stock exchange.
Zeist, 24 December 2007
Executive Board of Kendrion N.V.
For more information, please contact:
Kendrion N.V. Mr P. Veenema Utrechtseweg 33 3704 HA ZEIST
Netherlands Tel: +31 - 30 - 699.72.68 Fax: +31 - 30 - 695.11.65
www.kendrion.com