euro adhoc: Mergers - Acquisitions - Takeovers
PALFINGER AG - Company
Takeover/aerial working platforms
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Company Information
20.06.2008
Ad-hoc R E L E A S E
o PALFINGER plans takeover of ELEVANT aerial working platforms unit from WUMAG GmbH
Bergheim, Salzburg, 20 June 2008
PALFINGER AG, which is listed on the Vienna Stock Exchange and headquartered in Salzburg, is in the final stages of taking over the ELEVANT aerial working platforms unit of WUMAG GmbH. The contracts have already been negotiated, and the approval of the Supervisory Board of PALFINGER AG and the Advisory Board of WUMAG GmbH has been secured as of today. The antitrust authorities are likely to approve the takeover in summer 2008.
Since the final negotiations were successful, the portfolio of PALFINGER AG will be supplemented and revenues increased by approximately 5 percent.
end of announcement euro adhoc --------------------------------------------------------------------------------
Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesperson
Phone +43 662 46 84-2260
mailto:h.roither@palfinger.com
www.palfinger.com
Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official market
Original content of: Palfinger Holding AG, transmitted by news aktuell