KUKA AG — M&A Activity 2006

Nov 24, 2006

News Details

Ad-hoc | 24 November 2006 11:38

IWKA AG: Boehringer Group sold

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— The IWKA Group sold all of the companies of the Boehringer Group. Purchasers are companies of the MAXCOR Group. The only item still outstanding to complete the sale is the approval by the Bundeskartellamt (German federal antitrust authority). The divestment will generate additional losses of approximately EUR 20 million (over and above the write-downs already included to June 30, 2006), which will be charged to the results from discontinued operations of the IWKA Group for the 2006 business year. These charges are primarily due to non-liquidity related expenses plus the transaction costs. The Boehringer Group includes Boehringer Werkzeugmaschinen GmbH, Boehringer Werkzeugmaschinen Vertriebsgesellschaft mbH, FMS Drehtechnik Schaffhausen AG, Switzerland, UBJ-Boehringer Inc., Canada, and George Fischer-Boehringer Corporation, USA. Karlsruhe, November 24, 2006 The Executive Board Contact: Herr von Muenchhausen Tel.: +49 (0)721 143-325 Fax: +49 (0)721 143-331 E-Mail: v.muenchhausen@iwka.de (c)DGAP 24.11.2006 ————————————————————————— Language: English Issuer: IWKA AG Postfach 3409 76020 Karlsruhe Deutschland Phone: +49 (0)721 143 – 0 Fax: +49 (0)721 143 – 331 E-mail: info@iwka.de WWW: www.iwka.de ISIN: DE0006204407 WKN: 620440 Indices: MDAX Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), Hannover, München, Hamburg, Düsseldorf, SWX, Stuttgart End of News DGAP News-Service —————————————————————————