M.A.X. Automation: Successful transformation into a high-tech mechanical engineering group
M.A.X. Automation AG / Key word(s): AGM/EGM PRESS RELEASE M.A.X. Automation: Successful transformation into a high-tech mechanical engineering group - Management Board informs Annual General Meeting of stronger use of synergies and portfolio optimization - Forecast for 2015 confirmed - Shareholders resolve payout of EUR 0.15 per share for 2014 Düsseldorf, June 30, 2015 - M.A.X. Automation AG is in the process of successfully transforming itself from being a financial holding and investment company into a decentralized high-tech mechanical engineering group. Member of the Management Board Fabian Spilker informed shareholders today at the Annual General Meeting held in Düsseldorf that stronger use is being made of synergy effects within the group. These include purchasing advantages due to the group's larger size and more active transfer of know-how and technology between its companies. Only last week, M.A.X. Automation AG also succeeded in realizing synergies on the financial side by agreeing to new group financing in the amount of EUR 150 million with a prominent banking syndicate. Besides the AIM Group, the company has also acquired the robotics company iNDAT Robotics and NSM Packtec Group, a firm that specializes in packaging, over the last year and a half. The group company Euroroll from the non-core sector was sold. With the planned sale of the environmental subsidiary altmayerBTD, Spilker says the focus of the portfolio on core businesses will finally be completed. Forecast for 2015 confirmed Approval of all agenda items Fabian Spilker, Member of the Management Board of M.A.X. Automation AG: "M.A.X. Automation has made significant strategic progress over the last year and a half. Our further development into a high-tech mechanical engineering group makes us more comparable to other companies that offer sophisticated system and component solutions and results in a change in the relevant peer group for our share. We plan to use this to gradually catch up on the current valuation markdown that traditional investment companies experience on the capital market." Press contact: About M.A.X. Automation: 2015-06-30 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: | M.A.X. Automation AG | |
Breite Straße 29-31 | ||
40213 Düsseldorf | ||
Germany | ||
Phone: | +49 (0)211 90991-0 | |
Fax: | +49 (0)211 90991-11 | |
E-mail: | Investor.Relation@maxautomation.de | |
Internet: | www.maxautomation.de | |
ISIN: | DE0006580905 | |
WKN: | 658090 | |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart | |
End of News | DGAP News-Service |
373761 2015-06-30 |