A-TEC Industries AG

euro adhoc: A-TEC Industries AG
Mergers - Acquisitions - Takeovers
A-TEC Industries AG acquires Gindre Duchavany S.A.

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A-TEC Industries AG acquires Gindre Duchavany S.A.

Minerals & Metals GmbH, a wholly owned subsidiary  of  international industrial group  A-TEC  Industries  AG,  Vienna,  (ISIN   AT00000ATEC9),  today  signed  an agreement to acquire 100% of Gindre Duchavany S.A., France.

The purchase price was not disclosed. Closing is expected to  take   place  in  a few weeks, when approval  by  the  relevant  competition authorities  has  been received.

Both the seller and  the  purchaser  are  in  agreement  that  the   considerable synergies resulting from the new grouping, combined with the global presence  of A-TEC Group, will contribute  to  the   continuing  long-term  stability  of  the Gindre Group.

Gindre Duchavany is among Europe's leading  producers  of   semi-finished  copper products (bars, rods and shapes), together with parts  and  components  for  the electrical industry, and is headquartered in Lyon. In 2006 it had 450  employees and sales in excess of EUR 300m.  Gindre  Duchavany  has  additional  production facilities in France, Germany, Spain, the UK and the  USA,  and,   together  with local partners, a distribution network in Asia.

A-TEC Group's most recent acquisition will be merged into the Minerals &  Metals Division, of which Montanwerke  Brixlegg  forms   the  core.  Gindre  Duchavany's electrical engineering components are an ideal fit  to  the  existing  business, and will round out the Division's product portfolio.

About A-TEC Industries Vienna listed A-TEC Industries AG is  a   Vienna-based  international  industrial group with successful operations in drive systems,  plant  engineering,  machine tools and metallurgy. The Group currently employs around 11,000 people, and   the preliminary results for 2006 show sales revenues of EUR 1.6 bn.

About Montanwerke Brixlegg AG Montanwerke Brixlegg Aktiengesellschaft is  based  in  Brixlegg  in  Tirol.  Its sales for financial 2006 were EUR 506.1m.  (preliminary  results).  In  2006  it employed around 280 people at Brixlegg, and about 270  people  at  Krompachy   in Slovakia.

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ots Originaltext: A-TEC Industries AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Pressestelle A-TEC Industries AG
Mag. Claudia Müller-Stralz
Pleon Publico Public Relations & Lobbying
Tel: +43-1-71786-107
E-Mail: claudia.mueller@pleon-publico.at

Branche: Holding companies
ISIN:      AT00000ATEC9
Index:    ATX Prime
Börsen:  Wiener Börse AG / regulated dealing/prime standard

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