Georg Fischer AG
Georg Fischer to sell Verkehrstechnik
Georg Fischer AG / Disposal Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Schaffhausen, 28 August 2008, 7:00 a.m., ad hoc Georg Fischer to sell Verkehrstechnik Georg Fischer AG & Co in Singen, a corporate subsidiary of Georg Fischer AG, Schaffhausen (Switzerland), is to sell all the shares in Georg Fischer Verkehrstechnik GmbH, Singen (Germany) to the SAF-HOLLAND S.A. (Luxemburg). The divestment is part of the efforts of GF Automotive to focus on its core business of automotive casting. Georg Fischer Verkehrstechnik manufactures and sells fifth wheel couplings and Trilex wheels for the commercial vehicle sector. In 2007 it generated sales of approximately CHF 100 million. The SAF-HOLLAND Group is a leading global provider of complex, high-quality components and systems for the transportation industry. It has annual sales of some CHF 1.3 billion and approximately 3,000 employees worldwide. The business in Singen will be continued unchanged under the new owner with the current management and the 80 employees. The transaction is subject to the clearance by the competition authorities. The sale of Georg Fischer Verkehrstechnik to the SAF-HOLLAND Group and the continuation of the company's activities at the Singen location is a good, long-term solution for both parties. Georg Fischer Verkehrstechnik will benefit from a worldwide market presence in a new and expanded environment, working together with experienced partners. Through its takeover of Georg Fischer Verkehrstechnik, the SAF-HOLLAND Group will gain matching products and additional market share and will reinforce its strong position especially in Europe and the USA. For further information please contact: Markus Sauter, Head of Communication, Georg Fischer AG Phone +41 (0) 52 631 26 97, Fax +41 (0) 52 631 28 63 Email markus.sauter@georgfischer.com Daniel Bösiger, Investor Relations, Georg Fischer AG Phone +41 (0) 52 631 21 12, Fax +41 (0) 52 631 28 16 Email daniel.boesiger@georgfischer.com Barbara Zanzinger, Investor and Public Relations, SAF-HOLLAND GmbH Phone +49 (0) 6095 301 617, Fax +49 (0) 6095 301 102 Email ir@safholland.de, Website www.safholland.com ___________________________________________________________________________ Corporate Profile Georg Fischer - 'Adding Quality to People's Lives' Georg Fischer is focused on its three core businesses GF Automotive, GF Piping Systems and GF AgieCharmilles. Founded in 1802, the company is headquartered in Schaffhausen, Switzerland, and has over 140 locations worldwide including 50 production facilities. With some 13,000 employees, it generated annual sales of 4.5 billion Swiss francs in 2007. The Corporation makes a direct contribution to the quality of life: Mobility, comfort and precision are key market requirements that we satisfy with our products and services. You'll find further information under www.georgfischer.com. You can register for our subscription service for journalists at www.georgfischer.com/subscriptionservice. You will then automatically receive our latest Media Releases or the regular Top Stories from Georg Fischer by e-mail. Georg Fischer AG, 8201 Schaffhausen/Switzerland Phone +41 (0) 52 631 26 97, Fax +41 (0) 52 631 28 63 __________________________________________________________________________ Daniel Bösiger Head of Corporate Controlling / Investor Relations Phone +41 (0) 52 631 21 12, Fax +41 (0) 52 631 28 16 daniel.boesiger@georgfischer.com 28.08.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Georg Fischer AG Amsler-Laffon-Straße 9 CH-8201 Schaffhausen Schweiz Phone: +41 - 52 631 2112 Fax: +41 - 52 631 2816 E-mail: daniel.boesiger@georgfischer.com Internet: www.georgfischer.com ISIN: CH0001752309 WKN: 851082 Indices: SPI Listed: Foreign Exchange(s) SWX End of News DGAP News-Service ---------------------------------------------------------------------------
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