VA Technologie AG
VA Technologie AG english
VA TECH sells Transport and Assembly Systems to GTIE, France
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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The listed VA Technologie AG (VA TECH) has sold 100% of its subsidiary VA TECH
Transport- und Montagesysteme GmbH & Co (TMS) to the French GTIE (InGenierie des
Technologies de l’Information et des Energies) located in Paris. As agreed with
the purchaser, no information on the purchase price will be disclosed.
GTIE is a French technology company, active in the sectors of engineering and
technology services, information and automation technology as well as in power
engineering. With a staff of approximately 30,000 GTIE achieved sales of over
EUR 3bn in the year 2000. Majority shareholder of GTIE is the listed Vinci
group.
TMS achieved sales of about EUR 200m with a staff of 1000 employees (including
leasing staff) and positive operative results during the last years. Also this
year the company expects a positive result. The company has branches in Germany,
Spain, France, the Czech Republic, South Africa, Brazil, and Argentinia.TMS is
a leading international supplier of assembly and transport systems for the
manufacture of automobiles and commercial vehicles as well as their components.
Independent from the economic cycle of the automobile industry the company has
shown strong growth during the last years.
With this acquisition, GTIE, which has already been active in the field of
electrical systems for automobiles for more than fifty years and which has
become a respected service provider during the course of the years, will become
a total turnkey supplier in this industrial sector. The activities of GTIE in
this market segment will thus be nearly doubled by EUR 500 million per year.
After the disposal of 80% of VA TECH VOEST MCE early this year the portfolio
focussing of the VA TECH Group is completed for the major part.
This and other VA TECH Group press releases are available on the homepage
www.vatech.at or can be individually received via our automatic mailing service.
end of ad-hoc-announcement (c)DGAP 08.11.2001
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WKN: 093745; Index: ATX
Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg,
München, Stuttgart
080813 Nov 01
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