Ad-hoc | 29 May 2006 15:27
Koenig & Bauer AG: KBA subsidiary Bauer+Kunzi planning to acquire metal decorating specialist LTG-Mailänder
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Metal-decorating press manufacturer Bauer+Kunzi GmbH in Ditzingen near
Stuttgart, a successful supplier to the metal decorating industry since
1974, and since 2003 a subsidiary of the Würzburg printing press
manufacturer Koenig & Bauer AG (KBA), is pursuing plans to acquire the full
assets of Stuttgart-based LTG Print Systems Holding GmbH, including the
latter’s active metal-decorating supplier LTG-Mailänder GmbH & Co KG and
the associated sales subsidiaries in Italy, Great Britain and Japan. The
recently signed acquisition agreement, a transaction valued in the lower
two-digit million Euro range, is to be implemented by transferring the
holding of the London-quoted parent company LTG Technologies PLC. The deal
is currently still subject to the expected approval of the German Federal
Cartel Office.
The acquisition of metal decorating specialist LTG-Mailänder is the logical
continuation of the strategy charted over recent years by Koenig & Bauer
AG, the parent company of Bauer+Kunzi GmbH, namely to flank the core
competence demonstrated in a strong market position in the high-volume
sectors for sheetfed offset, commercial web offset and newspaper printing
with targeted acquisitions strengthening its role in niche markets less
dependent on the general economic and advertising climate.
(c)DGAP 29.05.2006
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Language: English
Issuer: KOENIG & BAUER AG
Friedrich-Koenig Straße 4
97080 Würzburg Deutschland
Phone: +49 (0)931 909-4835
Fax: +49 (0)931 909-6015
email: bernd.heusinger@kba-print.de
WWW: www.kba-print.de
ISIN: DE0007193500
WKN: 719350
indices: SDAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin-Bremen, Düsseldorf, Hamburg, Stuttgart
End of News DGAP News-Service
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