Müller Weingarten AG
Müller Weingarten strengthens global service operations
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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– Acquisition of rights to use construction drawings
– Expansion of the machine base to be served
Weingarten, 12. September 2006
The Müller Weingarten Group has concluded an asset deal acquiring the
rights to use construction drawings of the US service company BCN Inc.
(Bliss, Clearing, Niagara) based in Hastings, Michigan. An agreement to
this effect between Müller Weingarten and BCN became valid today.
BCN is a service company specialized in the supply of spare parts,
maintenance and repair of presses from the former manufacturers Bliss,
Clearing and Niagara. The company generated revenues of roughly US$ 18
million in fiscal year 2005, has approximately 60 employees and is
profitable.
With the closing the Müller Weingarten Group acquires the rights to the
drawings of the worldwide installed press base of the press manufacturers
Bliss, Clearing and Niagara which formerly operated in the new machinery
business.
The objective of the acquisition is the further expansion of the successful
service activities in the MW Group.
Both sides agreed to maintain secrecy with respect to the purchase price.
Contact:
Detlef Sieverdingbeck
Director Corporate Communication
Müller Weingarten AG
Schussenstraße 11
D-88250 Weingarten
Tel: +49 751 401-2183
Fax: +49 751 401-2714
E-Mail: detlef.sieverdingbeck@mwag.de
(c)DGAP 12.09.2006
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Language: English
Issuer: Müller Weingarten AG
Schussenstr. 11
88250 Weingarten Deutschland
Phone: 0751-401-2900
Fax: 0751-401-2644
E-mail: martina.herder@mwag.de
WWW: www.mwag.de
ISIN: DE0006579006, DE0006579022
WKN: 657900, 657902
Indices:
Listed: Amtlicher Markt in München, Stuttgart
End of News DGAP News-Service
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