KRONES AG — M&A Activity 2016

Mar 31, 2016

News Details

Ad-hoc | 31 March 2016 16:42

Krones AG: Krones acquires a leading supplier in the intralogistics for beverage market

Krones AG / Key word(s): Investment

31.03.2016 16:42

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Ad-hoc disclosure pursuant to Section 15 of the German Securities Trading
Act [WpHG]

31 March 2016

Krones acquires a leading supplier in the intralogistics for beverage
market

Krones, leading manufacturer of filling and packaging technology, has
purchased 60 % of the shares in System Logistics S.p.A. The company is
based in Fiorano, in Northern Italy, and is a leading, international
supplier of innovative solutions for intralogistics, material flow
technology, and warehousing. A majority of the customers come from the food
and beverage industries. In 2015, the company achieved a turnover of around
100 million euros, with a workforce of more than 250 employees.

The shares are being sold by the Italian family-owned company System Group.
Krones is financing the acquisition with existing liquid funds.

By acquiring a majority holding in System Logistics, Krones is enhancing
its competences in the field of intralogistics, particularly in terms of
automated order-picking systems, and is taking a major step forward in
covering the important material and data flows along the entire value
creation chain of our customers.

System Logistics will be part of "Machines and Lines for beverage
production/Process Technology" Segment.

The transaction is subject to approval under the relevant antitrust
legislation.

Contact:
Olaf Scholz
Head of Investor Relations, KRONES AG
Phone: +49 9401 70-1169
E-mail: olaf.scholz@krones.com

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Language: English
Company: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Germany
Phone: +49 (0)9401 701169
Fax: +49 (0)9401 709 1 1169
E-mail: investor-relations@krones.com
Internet: www.krones.com
ISIN: DE0006335003
WKN: 633500
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Stuttgart; Terminbörse EUREX

End of Announcement DGAP News-Service

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