24.03.2005 – 07:53

SW Umwelttechnik Stoiser & Wolschner AG

euro adhoc: SW Umwelttechnik Stoiser & Wolschner AG
Mergers - Acquisitions - Takeovers
SW Umwelttechnik to restructure Austrian operations

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.

24.03.2005

Following its takeover of Alpha Umwelttechnik, SW Umwelttechnik is to
concentrate all the Austrian activities its Water Conservation sector
in SW Umwelttechnik Industrie GmbH. The move is aimed at tightening
the focus of the group’s marketing effort and improving its earning
power in Austria.

The Austrian operations of SW Umwelttechnik Stoiser & Wolschner AG,
Alpha Umwelttechnik and BW Nageler are being merged into a new
company, SW Umwelttechnik Industrie GmbH, this year.

Vienna listed SW Umwelttechnik Stoiser & Wolschner AG wholly owns
Klagenfurt based Alpha Umwelttechnik, and currently holds a 50% stake
in precast element and environmental product manufacturer Nageler
GmbH, domiciled in Lienz, East Tyrol. The other 50% of Nageler are
owned by the Rieder Group of Maishofen, Salzburg Province, which will
be transferring its holding in the company to SW Umwelttechnik
Industrie GmbH following the adoption of the related resolutions by
the General Meeting of SW Umwelttechnik AG on 20 May. Following a
capital increase, the Rieder Group will receive a 26% interest in
this operating company in return. A letter of intent to this effect
has been signed by SW Umwelttechnik and the Rieder Group.

The changes will make SW Umwelttechnik a pure holding company, while
the expanded operating subsidiary, SW Umwelttechnik Industrie, will
be free to concentrate on developing its markets, and will be able to
achieve cost savings due to the simplified group structure and
business processes. With its five sites — two in Klagenfurt and one
each in Sierning, Lambach and Lienz — SW Umwelttechnik Industrie will
be the leader in a number of important  segments of the Austrian
water conservation and infrastructure products markets.

The group’s market and technology leadership in Austria gives it a
strong platform for further development in the growth markets of
Central and Eastern Europe where it already generates 75% of its
revenue. Construction of the most modern pipe works in Hungary and of
a production facility for sewerage, pipe and shaft systems in Romania
will mark further advances in the SW Umwelttechnik’s expansion drive
over the next few years.

end of announcement                    euro adhoc 24.03.2005 07:21:00 

Further inquiry note:

DI Heinz Wolschner, Vorstand der SW Umwelttechnik
Tel.: 0043/463/32109-0, Fax: 0043/463/37667
MMag. Christian Riel, Finanzen/Investor Relations
Tel.: 0043/664/4337105, Fax: 0043/1/3688686,
mailto:christian.riel@sw-umwelttechnik.at
Website: http://www.sw-umwelttechnik.at

Branche: Technology
ISIN: AT0000808209
WKN: 080820
Index: WBI, ATX Prime, ViDX
Börsen: Berliner Wertpapierbörse / free trade
Baden-Württembergische Wertpapierbörse / free trade
Börse Düsseldorf / free trade
Wiener Börse AG / official dealing