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Bauer acquires German Water and Energy GmbH ("GWE"), expanding its business in well engineering, water and geothermal energy

Schrobenhausen (euro adhoc) -

  ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
  the content of this announcement.
merger, acquisition and takeover
Schrobenhausen, April 20, 2007 - BAUER
Aktiengesellschaft has come to a definitive agreement with the 
proprietor of German Water and Energy GmbH ("GWE"), Gerd Max Nelke, 
to purchase all the shares in all the subsidiaries of the GWE Group.
GWE operates mainly in the development, manufacture and sale of 
high-quality products for water exploration, exploitation, 
transportation and distribution. The focus of the Group's activities 
is in the field of well engineering products, including screens, 
pipes and casing, as well as in pumps and drilling technique. In 
addition pumpenboese, a company of the GWE Group, manufactures 
high-quality products made from HDPE for the use of geothermal 
energy.
As a result of this acquisition, Bauer is well on the way to 
achieving a leading position in the emerging resources sector, 
complementing its existing core construction and equipment 
manufacturing business. GWE's 40 percent holding in PRAKLA 
Bohrtechnik GmbH, a well and exploration engineering specialist, will
also be transferred to the BAUER Group, which as a result will hold 
100 percent of that company's shares.
Thomas Bauer, Chairman of the Management Board of Bauer 
Aktiengesellschaft, says: "Acquiring the GWE Group represented an 
outstanding opportunity for us. It will further expand our product 
range in water exploitation and distribution, and will enable us to 
profit from new high-level expertise in the field within the Group. 
We will utilize our global network to substantially expand our 
international market presence in what is to some extent a new 
business for us, providing us with an even broader based foundation 
to meet the challenges of the future. We are also very pleased to be 
acquiring a team of some 300 highly qualified staff, representing a 
major competitive edge in terms of building further on the success of
our business operations."
The profitable group of companies, based in Peine, generated sales of
just under EUR 52 million in the past financial year (without the 40 
percent holding in PRAKLA Bohrtechnik GmbH) and, with its outstanding
brand names such as Hagusta, SBF and pumpenboese, operates from four 
locations in Germany as well as with Pol-Bud and PESA from further 
locations in Poland and Spain.
It was agreed that no details of the contract or the purchase price 
would be disclosed.
About Bauer Bauer is a global provider of specialist foundation 
engineering and related services as well as a leading international 
vendor of specialist foundation engineering machinery, equipment and 
tools and related services.
The Group's operations are managed in two segments: Construction and 
Equipment. The Construction segment provides specialist foundation 
engineering services and also operates in the related fields of 
environmental technology, structure remediation, bridge-building and 
project development. In its Equipment segment, Bauer offers an 
extensive range of machinery, equipment and tools for specialist 
foundation engineering. The Group markets its products and services 
worldwide, through local sales companies and project management 
networks. The BAUER Group profits from the collaboration between its 
two segments. This means Bauer is able to offer innovative and highly
specialized complete solutions for specialist foundation engineering 
projects, providing all the necessary services and specialist 
equipment.
Founded over 200 years ago, the BAUER Group today generates over two 
thirds of its total revenues outside of Germany. Employing over 5,000
people, the Group's total revenues were EUR 824 million (previous 
year: EUR 664 million) in 2005.
end of announcement                               euro adhoc 20.04.2007 12:40:34

Further inquiry note:

Bettina Mestenhauser
Head of Corporate Communication & Investor Relations
Tel: +49(0)8252 97 1918
E-Mail: bettina.mestenhauser@bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: CDAX, Classic All Share, Prime All Share, SDAX
Börsen: Frankfurter Wertpapierbörse / official dealing/prime standard
Börse Berlin-Bremen / free trade
Hamburger Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Bayerische Börse / free trade

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