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MAX Automation SE — Delisting Announcement 2007
Aug 20, 2007
278_rns_2007-08-20_6814a7e6-9324-476c-a90a-7e2fa9fcc38f.html
Delisting Announcement
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News Details
Ad-hoc | 20 August 2007 14:28
M.A.X. Automation AG: M.A.X. Automation AG plans IPO for environmental technology subsidiary Vecoplan
M.A.X. Automation AG / IPO
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Düsseldorf, August 20, 2007 – M.A.X. Automation AG is planning an IPO
(under Prime Standard) for its subsidiary Vecoplan Maschinenfabrik GmbH &
Co. KG headquartered in Bad Marienberg. The relevant committees of M.A.X.
Automation and Vecoplan have decided to commission advisors and banks to
prepare for the IPO. The IPO is scheduled for completion in the next twelve
months.
Vecoplan is a leading global producer and distributor of specialized
equipment and boasts strong earnings. The company offers shredding,
separation, and recycling equipment as well as waste and material storage
systems. Vecoplan has subsidiaries in the US and France, and offices in the
UK and Austria. The company has more than 350 employees all over the world.
In fiscal 2006, Vecoplan generated total sales of EUR 86.4 million. In
2007, it expects to achieve a substantial increase in sales.
Most of the IPO proceeds will stay inside Vecoplan and help finance its
strong organic growth and potential acquisitions. After the IPO, M.A.X.
Automation will keep its controlling stake in Vecoplan. The IPO would have
a substantially positive effect on M.A.X. Automation's assets, finances and
earnings. The Management Board therefore expects the issue to give the
company's investment portfolio a significant boost. The IPO’s impact on
earnings and liquidity inflow will depend on the IPO strategy still to be
defined and on the development of the capital markets.
Contact:
M.A.X. Automation AG, Königsallee 30, D-40212 Düsseldorf
Tel.: +49-211-90 99 1 - 0
DGAP 20.08.2007
Language: English
Issuer: M.A.X. Automation AG
Königsallee 30
40212 Düsseldorf
Deutschland
Phone: +49 (0)211 90991-0
Fax: +49 (0)211 90991-11
E-mail: [email protected]
Internet: www.maxautomation.de
ISIN: DE0006580905
WKN: 658090
Indices:
Listed: Geregelter Markt in Frankfurt (General Standard); Freiverkehr
in Berlin, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service