Hans Einhell AG

euro adhoc: Hans Einhell AG
Mergers - Acquisitions - Takeovers
Mergers 6 Acquisitions

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@

13.06.2007

Ad hoc announcement according § 15 WpHG"

Mergers & Acquisitions

Einhell Group buys Intratek in Turkey

The Einhell group buys 85% shares of the company INTRATEK MÜHENDiSLiK VE DIS TiCARET ANONiM SiRKETi (Intratek), Atatürk Mah. Girn Cd. No. 45, 34750 K.Bakkalköy-Kadiköy Istanbul; Turkey, with the consent of the supervisory board.

Intratek operates as an established and successful wholesale company in the area

hand tools and power tools. The company supplies the international do-it-your-self store chains as well as the local retailers. Einhell feels confident to cover successfully the important strategic market of Turkey within the scope of this new partnership.

The transaction should be closed with effect from 14th June 2007 subject to the payment of the fixed purchase price. The Einhell group will cover the purchase price from the ordinary cash flow. The total purchase price strongly depends on the results of the next several years. In the medium term, a sales target of EUR20million will be considered as realistic.

According to this decision the Einhell group can cover a further strategic important strong growing market.

Landau/Isar, 13th June 2007

The board of directors

@@start.t2@@end of announcement                                                 euro adhoc 13.06.2007 13:26:42
--------------------------------------------------------------------------------@@end@@

ots Originaltext: Hans Einhell AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Helmut Angermeier  
Prokurist
Telefon: +49 (0)9951-942 166
Fax:        +49 (0)9951-942 293
E-Mail: angermeierh@einhell.de

Branche: Wholesale
ISIN:      DE0005654933
WKN:        565493
Index:    CDAX
Börsen:  Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / free trade
              Frankfurter Wertpapierbörse / regulated dealing/general
              standard



Weitere Meldungen: Hans Einhell AG

Das könnte Sie auch interessieren: