Press releaseeuro adhoc: Palfinger AG / Mergers - Acquisitions - Takeovers / Negotiations about supplier-takeover2007-05-23T08:03:45Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Company Information 23.05.2007 PALFINGER negotiates takeover of Croatian supplier PiR metal d.o.o. 20% interest since 2001 Investments planned for further expansion Contribution towards optimisation of PALFINGER´s value-creation chain PALFINGER is planning to take over a part of Croatia´s PiR metal d.o.o. - a supplier of structural steel components. Since 2001 PALFINGER has held a 20% interest in PiR. Due to the growing significance of the components supply industry, it is intended to take over some parts of PiR to be integrated into the PALFINGER Group. At present PiR has a staff of approximately 75, and generated sales in the amount of EUR 3.7m in 2006, mostly from business with PALFINGER. PiR is to make a contribution towards further optimising PALFINGER´s value-creation chain. We expect that the ongoing reviews will be completed in the weeks to come. end of announcement euro adhoc 23.05.2007 07:26:36 Further inquiry note: Hannes Roither, PALFINGER AG Permalink:
|
Additional Informationhttp://www.palfinger.comDas Presseportal ist ein Service von news aktuell und die Datenbank für Presseinformationen im deutschsprachigen Raum. www.presseportal.de |