voestalpine AG — M&A Activity 2005

Feb 23, 2005

News Details

Ad-hoc | 23 February 2005 07:30

voestalpine AG: voestalpine Acquires Another German Automobile Component Supplier

voestalpine AG: voestalpine Acquires Another German Automobile Component Suppl Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­ voestalpine Acquires Another German Automobile Component Supplier The listed voestalpine Group has concluded another acquisition in its automotive sector division motion. Following last Friday’s announcement of the purchase of German precision parts manufacturer HTI (Rhineland Palatinate), the Division’s lead company voestalpine motion gmbh & co kg has now concluded a contract for 100% acquisition of the companies Vollmer Metallwaren GmbH in Nagold and Vollmer GmbH in Pfaffenhofen-Weiler. At its two sites near Stuttgart the company has around 140 employees and achieves an annual turnover of more than EUR 30 million. The acquisition will take place subject to approval by the competition authorities. Vollmer is a series supplier of complex, innovative stamping parts and components. The services offered by both sites cover the entire value chain and range from engineering, tool-making and prototype construction to series production. Initial consolidation of the acquired company will take place at the beginning of the coming 2005/06 business year; that is on 1 April 2005. voestalpine AG Voest-Alpine-Straße 1 4020 Linz Austria ISIN: AT0000937503 WKN: 093750 Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin-Bremen, Frankfurt, Hamburg, München und Stuttgart; London End of ad hoc announcement (c)DGAP 23.02.2005 230730 Feb 05