Palfinger Holding AG

euro adhoc: Mergers - Acquisitions - Takeovers
PALFINGER - Acquisition of MBB Liftsystems AG

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Company Information/Übernahme


Adhoc - R E L E A S E

PALFINGER takes over one of the global leaders in tail lift manufacturing

o 100 percent acquisition of MBB Liftsystems AG  o Considerable strengthening of the TAIL LIFT product division  o Continuation of PALFINGER's internationalisation and diversification strategy  o Acquisition will increase the Group's revenues by around 10 percent

Bergheim, Salzburg, 29 October 2007

Subject to the approval  of  the  Austrian  and  German  antitrust   authorities, PALFINGER will take over MBB, one of the top-three players in the global  market for tail lifts.  The  German  company   MBB Liftsystems AG  is  headquartered  in Ganderkesee / Hoykenkamp near Bremen and maintains distribution subsidiaries  in Great Britain, France, Belgium, the Slovak Republic, and the  US.  With   decades of experience in the development, production, and distribution  of  tail  lifts, the company offers a comprehensive range of  technically  mature  products  that are well established in the  market.  In  the  2007  financial  year,  MMB  will generate revenues of around EUR 65 million, employing a staff of 260.

MBB works with dealers and/or distribution partners in almost 40   countries  all over the world, the number of installed bases in the market of currently  around 100,000 shows its strong market position.

The headquarters of MBB in Germany will become the centre of excellence for  the continental European tail lifts  of  PALFINGER.   RATCLIFF  products,  which  are tailor-made for the British market, and the MBB location in the US,  which  also includes an assembly plant,  will  not  be  affected.  The  existing  successful

@@start.t2@@MBB management team will remain  part  of  the  company  and  will  support  its integration into the PALFINGER Group.

This    acquisition    matches      PALFINGER's      strategy      to      grow      through@@end@@

internationalisation and diversification. MBB will be active  in  the secondary segment "HYDRAULIC SYSTEMS and SERVICES" of the PALFINGER Group as part  of  the TAIL LIFT division, thus giving stronger weight to this segment. PALFINGER  will thus become one of the global top-three players  with  another  product  and  be less dependant on regional  and  industry-specific  fluctuations  in  the  main business areas.

@@start.t3@@end of announcement                                                 euro adhoc 29.10.2007 07:24:31

ots Originaltext: Palfinger Holding AG
Im Internet recherchierbar:

Further inquiry note:
Hannes Roither, PALFINGER AG
Company Spokesperson
Tel.: +43 662 46 84-2260

Investor Relations
Tel. +43 662 46 84-2275

Branche: Machine Manufacturing
ISIN:      AT0000758305
WKN:        919964
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Palfinger Holding AG

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