Hans Einhell AG

euro adhoc: Hans Einhell AG
Mergers - Acquisitions - Takeovers
Einhell Group sells weka Holzbau GmbH to BPE Private Equity

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


"Ad-hoc announcement according to § 15 WpHG"

The Einhell Group plans to sell its shares of weka  Holzbau  GmbH  in D  -17034 Neubrandenburg to a fund of BPE2 Private Equity GmbH & Co. KG,  administered  by BPE Private Equity GmbH, Hamburg upon approval of the supervisory board.

weka Holzbau GmbH developed to a  leading  company  in  the  German market  for prefabricated kits made of wood for housing & gardening. The  company  provides entire concepts. It benefits from the trend "wood in the garden"  and  from  the ongoing boom of the wellness branch. Einhell is sure that the sucessful business of weka Holzbau GmbH  will  be  even more strengthened by the new partnership at long sight.

The transaction will be finished until the year's end depending on the  receipt of payment of the purchase price. The group will receive cash of about 10 million Euro  from  this  disposal.  The final purchase price can first be determined exactly after the approval  of the annual accounts of weka Holzbau GmbH.

@@start.t2@@This decision is taken in order  to  enforce  the  targeted  group  strategy  of orientation towards the product groups power tools  and  garden  equipment.  The company wants to raise futher  the  core  competence  in  these  groups  and  to concentrate on the customer group of  do-it-yourselfer,  home  constructors  and hobby  gardener.  The  aim  is  the  expanding  of  the  listing    business    at international DIY chains. Also investments  in  the  development  department  and  the  extension  of  the international service network can be increased. Additionally  the  expansion  in Eastern Europe, Asia and Latin America should be forced increasingly.@@end@@

By the disposal of weka Holzbau GmbH the  capital  commitment  will be  reduced significantly and the liquidity of the Einhell group will be increased  further. So an improvement of rating key figures can be reached.

From the actual point of view the Einhell group looks forward to realise  sales of about 400 million Euro for the year 2007 (excluding weka Holzbau GmbH).  This consolidation of the group structure should lead to a further  stabilization  of the profit margin.

Landau/Isar, 20th December 2006

The board of directors

@@start.t3@@end of announcement                                                 euro adhoc 20.12.2006 21:30:51

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

Further inquiry note:
Helmut Angermeier  
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

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