SW Umwelttechnik Stoiser & Wolschner AG
SW Umwelttechnik english
SW Umwelttechnik raises stake in Hungarian subsidiary
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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SW Umwelttechnik acquires a further 46% of environmental Budapest technology
company Rocla Hungaria Kft.
SW Umwelttechnik – the leading specialist in water conservation and
infrastructure products in Central and Eastern Europe – has strengthened its
position in Hungary by doubling its interest in environmental technology company
Rocla Hungaria Kft. from 46% to 92%. The two sides have agreed to keep the
acquisition price confidential.
Rocla Hungaria is the Hungarian market leader in reinforced concrete pipes,
pumping stations, separators and shaft systems for water conservation purposes,
and has a turnover of approx. EUR 5 million (m) and a workforce of 80. The
company’s eight hectare site in Budapest is of ample size to serve the entire
Hungarian market.
SW Umwelttechnik embarked on its expansion and acquisitions in Hungary back in
1990, and in 1995 took a 46 % interest in Rocla and acquired operational control
through an indirect holding. Some EUR 5m have since been invested in expansion
and modernisation of the factory, resulting in leadership of lucrative market
segments.
end of ad-hoc-announcement (c)DGAP 20.06.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Further expansion of the factory is planned. Due to coming EU accession and
resultant mandatory compliance with EU environmental standards, there is heavy
demand in Hungary for water conservation products and solutions. Thanks to its
strong market presence, closeness to market and innovative technology, SW
Umwelttechnik is extremely well placed to market environmental solutions
offering environmental and economic advantages.
Contact
Heinz Wolschner, member of the Management Board of SW Umwelttechnik
Tel: 0043 (0)463 321090; fax: 0043 (0)463 37667
Christian Riel, Finance & Investor Relations
Tel: 0043 (0)664 4337105; fax: 0043 (0)1 3688686
E-mail: christian.riel@sw-umwelttechnik.at
Website: www.sw-umwelttechnik.at
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WKN: 080820; ISIN: AT0000808209; Index:
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Düsseldorf und
Stuttgart
200804 Jun 02
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