SW Umwelttechnik Stoiser & Wolschner AG

euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG
Mergers - Acquisitions - Takeovers
SW Umwelttechnik to restructure Austrian operations

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

24.03.2005

Following its takeover of Alpha Umwelttechnik, SW Umwelttechnik is to concentrate all the Austrian activities its Water Conservation sector in SW Umwelttechnik Industrie GmbH. The move is aimed at tightening the focus of the group’s marketing effort and improving its earning power in Austria.

The Austrian operations of SW Umwelttechnik Stoiser & Wolschner AG, Alpha Umwelttechnik and BW Nageler are being merged into a new company, SW Umwelttechnik Industrie GmbH, this year.

Vienna listed SW Umwelttechnik Stoiser & Wolschner AG wholly owns Klagenfurt based Alpha Umwelttechnik, and currently holds a 50% stake in precast element and environmental product manufacturer Nageler GmbH, domiciled in Lienz, East Tyrol. The other 50% of Nageler are owned by the Rieder Group of Maishofen, Salzburg Province, which will be transferring its holding in the company to SW Umwelttechnik Industrie GmbH following the adoption of the related resolutions by the General Meeting of SW Umwelttechnik AG on 20 May. Following a capital increase, the Rieder Group will receive a 26% interest in this operating company in return. A letter of intent to this effect has been signed by SW Umwelttechnik and the Rieder Group.

The changes will make SW Umwelttechnik a pure holding company, while the expanded operating subsidiary, SW Umwelttechnik Industrie, will be free to concentrate on developing its markets, and will be able to achieve cost savings due to the simplified group structure and business processes. With its five sites — two in Klagenfurt and one each in Sierning, Lambach and Lienz — SW Umwelttechnik Industrie will be the leader in a number of important  segments of the Austrian water conservation and infrastructure products markets.

The group’s market and technology leadership in Austria gives it a strong platform for further development in the growth markets of Central and Eastern Europe where it already generates 75% of its revenue. Construction of the most modern pipe works in Hungary and of a production facility for sewerage, pipe and shaft systems in Romania will mark further advances in the SW Umwelttechnik’s expansion drive over the next few years.

end of announcement                                euro adhoc 24.03.2005 07:21:00
---------------------------------------------------------------------

Further inquiry note: DI Heinz Wolschner, Vorstand der SW Umwelttechnik Tel.: 0043/463/32109-0, Fax: 0043/463/37667 MMag. Christian Riel, Finanzen/Investor Relations Tel.: 0043/664/4337105, Fax: 0043/1/3688686, mailto:christian.riel@sw-umwelttechnik.at Website: http://www.sw-umwelttechnik.at

Branche: Technology
ISIN:      AT0000808209
WKN:        080820
Index:    WBI, ATX Prime, ViDX
Börsen:  Berliner Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Wiener Börse AG / official dealing



Weitere Meldungen: SW Umwelttechnik Stoiser & Wolschner AG

Das könnte Sie auch interessieren: