Elexis AG

ots Ad hoc-Service: elexis AG Think big: elexis forms alliance with General Electric (GE)
elexis subsidiary Schorch to provide exclusive sales and service support in Europe for GE synchronous and DC drives.

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Frankfurt/Main (ots Ad hoc-Service) - Schorch GmbH, an elexis group company, has formed an alliance with General Electric (GE). Effective immediately, the elexis subsidiary will provide excusive sales and service support for the American company's synchronous and DC large motors. With this move the company has closed a gap in its range of high-quality products and further expands its position as the a leading full-service provider of complex electric drive systems. The alliance with GE places Schorch in a position to supply end-to-end solutions for major international projects. In addition to marketing large motors from GE, Schorch will also act as the exclusive service provider for GE large motors in Europe. The contract will initially run for a period of five years. There is also a possibility that Schorch could become a supplier of high- performance asynchronous motors to the European division of GE Automation. The alliance is in keeping with the elexis strategy of acquiring access to new markets. Both partners will enjoy synergetic effects from the deal. Through its cooperative efforts with GE as a leading global corporation elexis gains access to an important market segment. The European market volume for large motors is estimated at 460 million marks annually. GE will profit from the existing clientele of the elexis subsidiary. In the future the American conglomerate will directly supply only the French market and part of the Italian market as well as its existing customers and subsidiaries with synchronous and DC motors. In the other European markets the company will rely solely on the established sales network of Schorch. The elexis group also plans to pursue other strategic alliances that will open up markets and yield synergetic benefits. Contacts Walter Münnich Vorstandsvorsitzender CEO Ulmenstraße 22 60325 Frankfurt am Main Tel.: +49 (0)69-17 00 21 - 10 Fax: +49 (0)69-17 00 21 - 90 Marcus Geigle Hiller, Wüst & Partner GmbH Agentur für Kommunikation GPRA Weißenburger Straße 30 63739 Aschaffenburg Tel.: +49 (0) 6021- 3 86 66 - 23 Fax: +49 (0) 6021- 3 86 66 - 30 E-Mail: m.geigle@hwp.de End ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: Elexis AG, übermittelt durch news aktuell

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