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AVL LIST GmbH

Expansion of the core automotive business
AVL acquires interest in Pierburg Instruments

Graz, Austria (ots)

AVL, the high-tech company based in Graz,
Austria, has reached an agreement (subject to anti-trust regulatory
approval) to acquire the majority interest in Pierburg Instruments
GmbH based in Neuss, Germany (with facilities in Fürth and Neuss),
and to acquire Pierburg Instruments Inc. in the USA, by the end of
2001. Prof. Helmut List, CEO AVL, "This step significantly
contributes to the strategic expansion of our core automotive
business. We will achieve an outstanding combination of expertise in
the areas of emissions and fuel measurement systems." The Pierburg
Instruments brand name and its product lines, which enjoy an
excellent reputation on the world market, will continue to operate
independently.
Pierburg Instruments based in Neuss, Germany, and Auburn Hills,
USA, is a world-wide supplier of engine-related instrumentation. With
a staff of 220, the business has a turnover of 37 million Euros. The
Pierburg Instruments product range covering emissions and fuel
measurement systems as well as garage diagnostics enjoys an excellent
reputation world-wide. AVL's participation offers Pierburg
Instruments access to an international service network and
facilitates involvement in large automotive industry projects in
which AVL is responsible for system integration.
AVL is the world's largest privately owned and independent company
for the development of powertrain systems with internal combustion
engines as well as instrumentation and test systems.The high-tech
company AVL employs 2100 worldwide. Close contact with the client is
guaranteed through affiliates and representatives in all major
countries worldwide. The turnover in 2000 was 305.2 million Euros.
ots Original Text Service: AVL LIST GmbH
Internet: www.newsaktuell.ch

Contact:

Dipl.-Ing. Michael Ksela, Director Marketing
AVL LIST GmbH, Hans-List-Platz 1, A-8020 Graz, Austria
Mobile: + 43 664 / 132 81 78,
Tel. +43 316 787-383,
Fax: +43 316 787-904,
E-Mail: michael.ksela@avl.com

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