Ad-hoc | 31 March 2005 16:49
Deutz AG: Sale completed of marine service business for medium-sized and large
Ad hoc announcement §15 WpHG
Mergers & Aquisitions
Deutz AG: Sale completed of marine service business for medium-sized and large
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Sale closed on 31st March as planned
High extraordinary income in 2005
All contractual terms having come into force, DEUTZ today sold its marine
service business with medium-sized and large engines to the Finnish Wärtsilä
group at a price of EUR 115 million.
On 13th January 2005, DEUTZ and Wärtsilä signed an agreement for the transfer
of the marine service business, which included the move to Wärtsilä of the
staff working in this area, and the transfer of customer information, know-
how, use of brands, use of intellectual properties and spare parts stock.
In the 2005 financial year, after deducting the expenses incurred in
connection with the transaction, the sale results in an extraordinary income
of more than EUR 60 million.
Further information on DEUTZ AG is available at http://www.deutz.com
Contact:Andrea Bleesen
Tel.: +49 (0) 221 8 22-24 92
Fax: +49 (0) 221 8 22-21 16
Email: bleesen.a@deutz.com
Deutz AG
Deutz-Mülheimer Str. 147-149
51063 Köln
Deutschland
ISIN: DE0006305006 (SDAX); DE000A0BNUNO, DE000A0DMKV2
WKN: 630500; A0BNUN, A0DMKV
Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard);
Freiverkehr in Berlin-Bremen, Hamburg, Hannover, München und Stuttgart
End of ad hoc announcement (c)DGAP 31.03.2005
311649 Mär 05