(Ad-hoc) Dürr and Voith close contract for the sale of Premier
06/08/2005 - Dürr AG - WKN 556520 / ISIN DE0005565204
Dürr AG, Stuttgart, hereby communicates that the contract concluded on March 15, 2005 with the Voith Group, based in Heidenheim, covering the sale of Dürr's Services division to Voith has been closed.
Yesterday evening Voith was informed that an antitrust authority had approved the deal, which had until this time be subject to such authorization being forthcoming. The cash inflow from the sale as agreed upon has been realized. Dürr is expecting a capital gain on the sale amounting to presumably more than EUR 10 million that will be booked in the discontinued operations.
The Services division consists of the Premier Group, whose core corporation is Premier Manufacturing Support Services Inc., located in Cincinnati, Ohio, USA. In fiscal 2004, the Premier Group achieved sales of EUR 159 million and generated EBT of EUR 8.1 million. The headcount comes to some 5,500 employees.
Dürr AG
The executive board
End of disclosure
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