Georg Fischer AG
GF Automotive sells Gleisdorf light metal foundry to BAVARIA Industriekapital
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 May 2009, 7:00 a.m. This announcement supplements today's media release issued by Georg Fischer AG on its structural programme and contains additional information on the Gleisdorf location. GF Automotive sells Gleisdorf light metal foundry to BAVARIA Industriekapital The industrial holding company BAVARIA Industriekapital AG will acquire the light metal foundry in Gleisdorf, Austria from the Swiss automotive supplier GF Automotive. The contract for the sale was signed yesterday by GF Automotive, a Corporate Group of the Georg Fischer Corporation, and BAVARIA. GF is thus systematically implementing the review of its locations, as announced in 2008, and is focusing more closely on its core business. BAVARIA Industriekapital AG will carry on the business and will continue to supply the Gleisdorf customers. The parties have agreed to keep the purchase price confidential. The transaction must still be approved by the antitrust authorities. The foundry in Gleisdorf, with some 200 employees, manufactures mostly small components and with this product portfolio is well positioned within a medium-sized company. The new owner intends to continue production in this form. This step will allow GF Automotive to focus more closely on its core business, which is developing and manufacturing large-scale, complex components for the international passenger and commercial vehicle industry. The light metal activities are being concentrated at Altenmarkt and Herzogenburg in Austria, Werdohl and Friedrichshafen in Germany and Suzhou in China. The focus on developing innovative processes and materials will be strengthened. BAVARIA Industriekapital AG is an industrial holding company operating mainly in the automotive, plant engineering and business services sectors. It generated revenues of 485 million euros in 2008. The company has extensive experience and success in the field of automotive casting. Media contact: BAVARIA Industriekapital AG, Svea Strohm Phone +49 (0) 89 729 8967- 0 info@baikap.de Georg Fischer AG, Christian Thalheimer Phone +41 (0) 52 631 26 77 christian.thalheimer@georgfischer.com __________________________________________________________________________ Corporate Profile Georg Fischer - 'Adding Quality to People's Lives' Georg Fischer is focused on its three core businesses GF Piping Systems, GF Automotive 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 14,000 employees, it generated annual sales of 4.5 billion Swiss francs in 2008. The Corporation makes a direct contribution to the quality of life: Comfort, mobility 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 email. Georg Fischer AG, 8201 Schaffhausen/Switzerland Phone +41 (0) 52 631 26 74, 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 28.05.2009 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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