DGAP-News: United Power Technology fully integrates manufacturing subsidiary
(firmenpresse) - DGAP-News: United Power Technology AG / Key word(s): Miscellaneous
United Power Technology fully integrates manufacturing subsidiary
05.01.2012 / 08:30
---------------------------------------------------------------------
Eschborn, Germany, January 05, 2012 - United Power Technology Group, one of
the leading manufacturers of engine-driven power equipment in China,
acquired the remaining 43% of its subsidiary Sealand Machinery Co., Ltd.
(SMC). As a result, SMC, a manufacturer of frames and parts for United
Power's generators, becomes a wholly-owned subsidiary.
This acquisition provides United Power the opportunity to fully integrate
the parts business and to further increase the company's degree of vertical
integration. The acquisition price amounts to approx. EUR 0.25 million (RMB
2.1 million).
In the year 2010, SMC recorded revenues of approx. EUR 2 million (RMB 17.5
million). The acquisition of the outstanding 43% of the share capital does
not have any significant effects on the company's consolidated financial
statements.
About United Power Technology Group
United Power Technology Group designs, develops, manufactures and sells
engines and an extensive range of engine-driven power equipment, including
generators, outdoor power equipment, as well as components. Its major
products comprise residential as well as commercial generators, which are
currently delivered to more than 45 countries in the world. The operational
companies of United Power Technology Group are incorporated under the laws
of the People's Republic of China and located in Fuzhou and Shanghai,
China.
For further requests please contact:
Kirchhoff Consult AG
Dr Kay Baden
T: +49 40 60 91 86 39
F: +49 40 60 91 86 60
E-Mail: baden(at)kirchhoff.de
or visit www.unitedpower.de.com
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of United Power Technology AG. The shares have already been
sold.
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of United
Power Technology AG (the 'Shares') have not been registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
End of Corporate News
---------------------------------------------------------------------
05.01.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: United Power Technology AG
Mergenthalerallee 10-12
65760 Eschborn
Germany
Phone: +49 6196 400804
Fax: +49 6196 400910
E-mail: oliver.kuan(at)unitedpower.cn;verena.rauch(at)kirchhoff.de
Internet: www.unitedpower.de.com
ISIN: DE000A1EMAK2
WKN: A1EMAK
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
151693 05.01.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="Syndicated Metals Ltd.: Maiden Resource estimates announced for Blue Star and Green Zone DepositsDatum: 05.01.2012 - 08:30 Uhr
Sprache: Deutsch
News-ID 101245
Anzahl Zeichen: 5994
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 240 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: United Power Technology fully integrates manufacturing subsidiary"
steht unter der journalistisch-redaktionellen Verantwortung von
United Power Technology AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
