KRONES AG — Regulatory Filings 2013

Jan 9, 2013

News Details

Ad-hoc | 9 January 2013 14:34

Krones AG: Krones repositions itself in the fields of material flow technology and intralogistics

Krones AG / Key word(s): Alliance/Strategic Company Decision

09.01.2013 14:34

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Ad-hoc release
09.01.13

Krones repositions itself in the fields of material flow technology and
intralogistics

Krones, the world's market leader for beverage filling and packaging
technology, has acquired a 26 % stake in Klug GmbH, a German company
located in Teunz, Bavaria, which as a system supplier has since 1995 been
supplying intralogistical solutions featuring software systems developed
in-house.

In 2011 Klug GmbH achieved a turnover of about 25 million euros and is a
profitable company with around 250 people on its payroll. Krones intends to
upsize its stake in the medium term, with the aim of eventually acquiring a
majority of the stock. This option has also been contractually guaranteed.
The price for the minority holding of 26 % is in the medium single-figure
million-euros range. To coincide with its stock purchase, Krones has
concluded a cooperation agreement with Klug and will in future be able to
offer its clients full-coverage intralogistical solutions through its new
partner.

In view of this alliance, Krones' Executive Board has decided to
discontinue during the course of the 2013 business year the firm's own
operations in the fields of material flow technology and intralogistics, in
which the company employs about 70 people. Through the cooperative
arrangements, Klug will continue to offer Krones' clients holistically
conceived solutions for their intralogistical operations.

With this strategic decision, Krones' Executive Board plans to achieve a
lasting increase to its consolidated earnings. Material Flow Technology /
Intralogistics is part of the group's Machine and Lines for Beverage
Production / Process Technology Segment, whose share of Krones' turnover
totalled around 260 million euros in 2011, for a pretax result of minus
19.3 million euros.
Products and services relating to material flow technology and
intralogistics came to about 16 million euros, around 6 % of the segment's
total turnover. Out of the segment's losses, the operations that are now
being repositioned accounted for a relatively high single-figure sum in
millions of euros.

The agreement is still subject to approval by the German anti-trust
regulators.

Your contact person:
Olaf Scholz
Head of Investor Relations Krones AG
Tel.: +49 9401 70-1169
Fax: +49 9401 70-1-1169
Email: olaf.scholz@krones.com

09.01.2013 DGAP's Distribution Services include Regulatory Announcements,
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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: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart

End of Announcement DGAP News-Service

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