DGAP-News: Schaltbau strengthens presence in key foreign markets
(firmenpresse) - DGAP-News: Schaltbau Holding AG / Key word(s): Acquisition
Schaltbau strengthens presence in key foreign markets
17.02.2011 / 09:24
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Schaltbau strengthens presence in key foreign markets
Munich, 17 February 2011 - The Schaltbau Group has taken various steps to
bolster its international presence during the first two months of 2011.
On 15 February 2011 Schaltbau GmbH acquired the remaining 50% of the shares
in Schaltbau North America Inc. The full consolidation is effective as from
1 January 2011; the company was previously accounted for in the Group
Financial Statements using the equity method. With this transaction,
Schaltbau GmbH has firmly established its position in the fast-growing rail
and industry markets of North America, where it will consistently continue
to expand.
With effect from 16 February 2011, Gebr. Bode&Co. Beteiligungs GmbH
acquired a 10% holding in Rawicka Fabryka Wyposazenia Wagonow Sp.z.o.o.
(Rawag), Rawicz. As a result Bode now holds a 30% stake in the company.
Furthermore, a purchase option for additional shares has been agreed upon,
which will enable Bode to acquire a majority in the Polish company. Rawag
produces door systems for railway vehicles, buses and trams as well as side
windows for buses and trams, primarily for customers in Eastern Europe, and
is responsible for market development activities in this region within the
Bode Group.
Moreover, Bode has established a company in South Korea together with a
locally based industrial partner. Bode holds an 80% share in the new
company, which will concentrate on market development and increasing market
share in Korea with its own sales and engineering teams. The move
significantly improves Bode's position in one of Asia's major growth
markets.
End of Corporate News
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17.02.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Schaltbau Holding AG
Hollerithstraße 5
81829 München
Deutschland
Phone: 089 - 93005 - 209
Fax: 089 - 93005 - 318
E-mail: bloch(at)schaltbau.de
Internet: www.schaltbau.de
ISIN: DE0007170300, DE000A0D66Z2, DE000A0TFWY1
WKN: 717030, A0D66Z2, A0TFWY1
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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112557 17.02.2011
Datum: 17.02.2011 - 09:24 Uhr
Sprache: Deutsch
News-ID 33231
Anzahl Zeichen: 0
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Kategorie:
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