KRONES AG — M&A Activity 2002

Apr 26, 2002

News Details

Corporate | 26 April 2002 09:19

Krones AG english

KRONES cooperates with the KOSME group Corporate-news announcement sent by DGAP. The sender is solely responsible for the contents of this announcement. ——————————————————————————– In order to be able to offer machines also in the lower price range, and to enter the worldwide increasing starting market for low-output machines as well, KRONES AG (in Neutraubling near Regens-burg), the world market leader for beverage bottling and packaging systems, is working together with the KOSME group (Austria). The plan is to strengthen both companies synergetically using KOSME’s cost leadership as well as the potential of the worldwide operating KRONES group. The enterprise with production sites in Sollenau near Vienna, collaborating with KOSME and KEBER (Roverbella/Italy) offer production lines for the bottling and packaging sectors at very competitive conditions. KRONES supplement their high- quality programme (high-performance segment) with these simple machines (“just- enough-machines/lines”) continuing their growth strategy in this sector. Due to the cooperation of these two company groups, who are not aiming at an asset connection, KRONES (turnover 1,165 m Euro, 8365 employees) expects strengthened synergies based on the costs leadership of KOSME (turnover 60 m Euro, 310 employees), to attract smaller and larger contractors likewise. end of message, (c)DGAP 26.04.2002