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Palfinger Holding AG

euro adhoc: Mergers - Acquisitions - Takeovers
PALFINGER - Acquisition of MBB Liftsystems AG

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
Company Information/Übernahme
29.10.2007
Adhoc - R E L E A S E
PALFINGER takes over one of the global leaders in tail lift 
manufacturing
o 100 percent acquisition of MBB Liftsystems AG  o Considerable 
strengthening of the TAIL LIFT product division  o Continuation of 
PALFINGER's internationalisation and diversification strategy  o 
Acquisition will increase the Group's revenues by around 10 percent
Bergheim, Salzburg, 29 October 2007
Subject to the approval  of  the  Austrian  and  German  antitrust  
authorities, PALFINGER will take over MBB, one of the top-three 
players in the global  market for tail lifts.  The  German  company  
MBB Liftsystems AG  is  headquartered  in Ganderkesee / Hoykenkamp 
near Bremen and maintains distribution subsidiaries  in Great 
Britain, France, Belgium, the Slovak Republic, and the  US.  With  
decades of experience in the development, production, and 
distribution  of  tail  lifts, the company offers a comprehensive 
range of  technically  mature  products  that are well established in
the  market.  In  the  2007  financial  year,  MMB  will generate 
revenues of around EUR 65 million, employing a staff of 260.
MBB works with dealers and/or distribution partners in almost 40  
countries  all over the world, the number of installed bases in the 
market of currently  around 100,000 shows its strong market position.
The headquarters of MBB in Germany will become the centre of 
excellence for  the continental European tail lifts  of  PALFINGER.  
RATCLIFF  products,  which  are tailor-made for the British market, 
and the MBB location in the US,  which  also includes an assembly 
plant,  will  not  be  affected.  The  existing  successful
MBB management team will remain  part  of  the  company  and  will  support  its
integration into the PALFINGER Group.
This   acquisition   matches    PALFINGER's    strategy    to    grow    through
internationalisation and diversification. MBB will be active  in  the
secondary segment "HYDRAULIC SYSTEMS and SERVICES" of the PALFINGER 
Group as part  of  the TAIL LIFT division, thus giving stronger 
weight to this segment. PALFINGER  will thus become one of the global
top-three players  with  another  product  and  be less dependant on 
regional  and  industry-specific  fluctuations  in  the  main 
business areas.
end of announcement                               euro adhoc 29.10.2007 07:24:31

Further inquiry note:

Hannes Roither, PALFINGER AG
Company Spokesperson
Tel.: +43 662 46 84-2260
mailto:h.roither@palfinger.com

Anton Graf, PALFINGER AG
Investor Relations
Tel. +43 662 46 84-2275
a.graf@palfinger.com
www.palfinger.com

Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime
Börsen: Wiener Börse AG / official market

Original-Content von: Palfinger Holding AG, übermittelt durch news aktuell

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