Müller - Die lila Logistik AG

Regulatory Filings • Feb 5, 2004

News Details

Ad-hoc | 5 February 2004 20:00

Müller-Die lila Logistik AG and VEDES Logistik GmbH establish Joint Venture

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Müller-Die lila Logistik AG and VEDES Logistik GmbH establish Joint Venture Besigheim, 5 February 2004 Vedes Logistik GmbH, a wholly owned subsidiary of VEDES AG, and Müller-Die lila Logistik AG are establishing a joint venture in which the VEDES Group’s logistics activities will be concentrated starting 1 July 2004. The provider of intelligent logistics solutions, will hold a 51% stake in the new company with 49% of the equity held by VEDES Logistik GmbH. A total of some 90 employees from VEDES Logistik GmbH will be assigned to the joint venture. The service agreement between VEDES and the joint venture will be for a period of 5 years with planned sales revenues of approximately EUR 25 million over the full term of the agreement. The services in the Nuremberg logistics center will include warehousing activities (e.g. receiving, pricing, selecting, extracting, staging and so forth). The goal of this new logistics solution is to realign VEDES’ logistics operations by creating a robust platform to provide demand-driven support to specialized retailers. This joint venture will converge VEDES’ experience and expertise in the toy industry with the logistics competence of Müller-Die lila Logistik AG. Further Information: Müller-Die lila Logistik AG Marcus Hepp Phone: +49 (0) 7143 / 810-123 investor@lila-logistik.de end of ad-hoc-announcement (c)DGAP 05.02.2004 Issuer’s information/explanatory remarks concerning this ad-hoc-announcement: VEDES Corporate Profile VEDES enjoys a long tradition as an affiliated group of companies within the retail toy industry. Founded in 1904 as a purchasing cooperative, it has since established itself as the principal institution on the commercial side of the toy industry. In line with a policy of responsible restructuring, recent years have witnessed the foundation being created for modernizing the corporate group and the first step transforming it from a traditional procurement group to a sophisticated systems center. Besides traditional services – including centralized payment, procurement and logistics, stock-assortment management, store set-up, market research, sales and marketing – this move also offers the more than 1,100 affiliated retailers business-management consulting, data services and, most importantly, suitable IT systems. As the foremost institution in the retail toy and hobby business, VEDES will be playing a major role with this structure in shaping the development of the entire toy industry throughout Europe. Müller-Die lila Logistik AG Corporate Profile Müller-Die lila Logistik AG delivers intelligent logistics solutions. Its services are geared to the life cycle of its clients’ products. The Logistics Design business segment provides end-to-end planning and consulting services. Experts from diverse fields design the ideal plant concept for supplying the production effort and prepare the supply chain’s total process workflow. Complex processes underlying the high quality standards of contract logistics are the business of the Logistics Operating segment. The company is listed in the Prime Standard segment of the Frankfurt Stock Exchange. ——————————————————————————– WKN: 621468; ISIN: DE0006214687; Index: Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 052000 Feb 04