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