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KRONES AG — M&A Activity 2013
Dec 3, 2013
251_rns_2013-12-03_34669297-456d-46c0-a2e4-fb9b2bebf629.html
M&A Activity
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News Details
Ad-hoc | 3 December 2013 12:06
Krones AG: Krones upgrades its capabilities in terms of process technology
Krones AG / Key word(s): Acquisition
03.12.2013 12:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Ad-hoc Press Release
03.12.13
Krones upgrades its capabilities in terms of process technology
Krones, the world's market leader for beverage filling and packaging
technology, has purchased
100 % of the stock in HST Maschinenbau GmbH, a German company located in
Mecklenburg-Western Pomerania that designs and manufactures homogenisers
and reciprocating pumps for the food and beverage industries.
HST Maschinenbau GmbH is a profitable company, and in 2012 achieved a
turnover of almost 5 million euros with a workforce of around 25 people.
The price for the stock is in the mid-single-figure-million range.
With this strategic decision, Krones is planning to upgrade its future
corporate capabilities in the field of process technology, designed for
producing juices and milk, and to expand its global service and maintenance
business in this sector.
The agreement is still subject to approval by the antitrust regulators.
Your contact person:
Olaf Scholz
Head of Investor Relations Krones AG
Tel.: +49 9401 70-1169
Email: [email protected]
03.12.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Germany
Phone: +49 (0)9401 701169
Fax: +49 (0)9401 709 1 1169
E-mail: [email protected]
Internet: www.krones.com
ISIN: DE0006335003
WKN: 633500
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of Announcement DGAP News-Service