MAG IAS GmbH

EANS-News: MAG IAS GmbH
Fives to take over MAG Americas

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Company Information/Mergers - Acquisitions - Takeovers

Göppingen (euro adhoc) - Fives to take over MAG Americas

* MAG Americas and Forest-Liné Group acquired by Fives, a French engineering
group 
* MAG Europe to sell its shares of Forest-Liné (62%) to Fives

Göppingen, March 8, 2013 -The shareholders of MAG IAS LLC ("MAG Americas") have
entered into an agreement with Fives, a French engineering group with a global
presence, to sell MAG IAS LLC including its 38% ownership stake in the French
aerospace machine tool manufacturer Forest-Liné. In parallel, MAG Europe GmbH
("MAG Europe") has entered into an agreement to sell its 62% ownership stake in
Forest-Liné to Fives. The transactions are subject to customary closing
conditions and regulatory approvals. The parties have agreed not to disclose any
information about the purchase price. 

With the sale of its Forest-Liné shares, MAG Europe continues its restructuring
program focusing on its core competencies as automotive and industrial equipment
solutions provider. MAG Europe will use the sales proceeds of the Forest-Liné
deal to pay back a loan to its MAG IAS GmbH subsidiary as soon as the deal will
be closed. MAG IAS GmbH will in turn use the money as additional cash collateral
to the financing banks.

The automotive activities of MAG IAS LLC as well as the subsidiary in India are
not part of the contemplated sale and will remain with the MAG group, in order
to maintain the global automotive activities under the MAG brand.

About MAG IAS GmbH (ISIN DE000A1H3EY2)
MAG IAS GmbH, based in Göppingen, Germany is part of a leading global machine
tool and systems group. Based on a long-standing manufacturing technology
tradition, the company now has more than 1600 employees at five manufacturing
plants in Germany.

About MAG Europe GmbH
The holding company MAG Europe GmbH comprises leading machine tool and systems
companies with locations in Germany, China, Hungary, Korea, Switzerland, and
Russia. The group has been formed in 2005, based on a strong foundation of 
renowned brands such as Boehringer, Cross Hüller, Ex-Cell-O, FMS, Hessapp,
Honsberg, Hüller Hille, Modul and Witzig & Frank.
Key industrial markets served include automotive and truck, industrial
equipment, heavy equipment, oil & gas, rail, aerospace, and wind turbine
production.
With manufacturing and support operations strategically located worldwide, MAG
offers comprehensive lines of equipment and technologies including turning,
milling, hobbing, honing, systems integration, composites processing,
maintenance, automation, and core components. 

Please forward a copy of any reprint


Further inquiry note:
Herr Joachim Jäckl
Corporate Communications Manager
Tel.: +49 7161 201 4083
E-Mail: joachim.jaeckl@mag-ias.com

end of announcement                               euro adhoc 
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company:     MAG IAS GmbH
             Stuttgarter Straße 50
             D-73033 Göppingen
phone:       +49 7161201-0
mail:     ir@mag-ias.com
WWW:      http://www.mag-bond.de
sector:      Machine Manufacturing
ISIN:        DE000A1H3EY2
indexes:     
stockmarkets: free trade: Hannover, Berlin, Hamburg, free trade/Bondm: Stuttgart,
             Open Market: Frankfurt 
language:   English
 



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