Sartorius AG

euro adhoc: Sartorius AG
Strategic management decisions
Sartorius sells hydrodynamic bearings business to British Smiths Group

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


Today, Sartorius AG signed a contract with Smiths Specialty Engineering, a subsidiary of the British technology company Smiths Group, to sell Sartorius Bearing Technology GmbH to this subsidiary. According to this agreement, Smiths Specialty Engineering will retroactively purchase all of the shares in the Goettingen-based company effective September 1, 2007. It is planned to close the transaction within approximately the next six weeks.

The purchase price for Sartorius Bearing Technology GmbH, which expects to post sales revenue of around 15 million euros and a double-digit EBIT margin for the financial year 2007, is approximately 20 million euros.

By selling its hydrodynamic bearings business, the Sartorius Group is strengthening its focus on its two core areas of activity, biotechnology and mechatronics, as well as on its major groups of customers, the biopharmaceutical, chemical and food industries.

@@start.t2@@end of announcement                                                 euro adhoc 15.10.2007 12:12:00

ots Originaltext: Sartorius AG
Im Internet recherchierbar:

Further inquiry note:
Andreas Wiederhold
Treasury & Investor Relations
Telefon: +49 (0)551 308-1668

Branche: Biotechnology
ISIN:      DE0007165607
WKN:        716560
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade
              Börse Hannover / official dealing

Weitere Meldungen: Sartorius AG

Das könnte Sie auch interessieren: