euro adhoc: REpower Systems AG
Mergers - Acquisitions - Takeovers
REpower
places bid to acquire assets of Schaumann GmbH & Co KG
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
03.07.2008
Hamburg, 3 July 2008.
REpower Systems AG (WKN 617 703) has made its long-time logistics partner Schaumann GmbH & Co KG an offer to purchase its vehicle fleet and other operating assets as well as to acquire of all its employees. By means of this acquisition, REpower intends to secure important transport capacities for wind turbines and at the same time contribute to maintaining the jobs of Schaumann?s more than 30 employees. In the medium term, REpower expects a competitive advantage from integrating the logistics acquisition into its business model due to increased flexibility with regard to shipments, which will also contribute towards a reduction of costs. Both parties have agreed to maintain confidentiality regarding the purchase price.
Originally, the owner-operated heavy-load carrier business was due to shut down at the end of July. The planned transaction envisions the transfer of the vehicle fleet, the other operating assets and the carrier?s team of employees to a yet-to-be-established wholly owned subsidiary of REpower Systems AG. For this purpose, the staff members are to receive an offer to maintain their contracts within the new company. Furthermore, REpower shall assume existing rental agreements made by Schaumann.
Among other things, the agreement is subject to an expert evaluation of the Schaumann vehicle fleet and is to be completed by the end of August, at the latest.
end of announcement euro adhoc
Further inquiry note:
Thomas Schnorrenberg
Investor Relations Manager
Telefon: +49(0)40-5555090-3051
E-Mail: t.schnorrenberg@repower.de
Branche: Alternative energy
ISIN: DE0006177033
WKN: 617703
Index: TecDAX, CDAX, Prime All Share, Technologie All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade