euro adhoc: Palfinger AG
Mergers - Acquisitions - Takeovers
Negotiations
about supplier-takeover
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Company Information
23.05.2007
PALFINGER negotiates takeover of Croatian supplier PiR metal d.o.o.
20% interest since 2001 Investments planned for further expansion Contribution towards optimisation of PALFINGER´s value-creation chain
PALFINGER is planning to take over a part of Croatia´s PiR metal d.o.o. - a supplier of structural steel components. Since 2001 PALFINGER has held a 20% interest in PiR.
Due to the growing significance of the components supply industry, it is intended to take over some parts of PiR to be integrated into the PALFINGER Group. At present PiR has a staff of approximately 75, and generated sales in the amount of EUR 3.7m in 2006, mostly from business with PALFINGER.
PiR is to make a contribution towards further optimising PALFINGER´s value-creation chain. We expect that the ongoing reviews will be completed in the weeks to come.
end of announcement euro adhoc 23.05.2007 07:26:36
Further inquiry note:
Hannes Roither, PALFINGER AG
Head of Public Relations & Investor Relations,
Business and Financial Media
Tel.: +43 662 46 84-2260
mailto:h.roither@palfinger.com
www.palfinger.com
Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime
Börsen: Wiener Börse AG / official dealing
Original content of: Palfinger Holding AG, transmitted by news aktuell