MAX Automation AG to remain active in environmental technology - Strategic partnerships sought

DGAP-News: MAX Automation AG / Key word(s): Strategic Company Decision

27.09.2017 / 17:39
The issuer is solely responsible for the content of this announcement.


MAX Automation AG to remain active in environmental technology - Strategic partnerships sought

- Comprehensive analysis reveals significant progress in Environmental Technology as well as further potential

- Market position to be strengthened in cooperation with strategic partners planned

Düsseldorf, September 27, 2017 - MAX Automation AG plans to expand its Environmental Technology segment. Following the comprehensive and in-depth market analysis that the Management Board conducted over the past few months, the company that specializes in high-tech mechanical engineering sees good opportunities for the creation of added value for its customers, employees and shareholders. Environmental Technology, besides Industrial Automation one of the two business segments of MAX Automation, has been represented by the 100 percent subsidiary Vecoplan AG thus far and generated sales of EUR 97.4 million in fiscal year 2016.

The expansion is to take place both organically and in cooperation with strategic partners. The measures taken last year to improve the cost structure in Environmental Technology had resulted in a more profitable business segment operating in a similar business volume and able to react appropriately to the typical volatility in the relevant markets. At the same time, Environmental Technology has further value-added potentials, which are now to be used on the basis of an action plan. The business segment's market position is to be improved through a strategic partnership.

MAX Automation wants to actively use the opportunities for consolidation in the heterogeneous environmental technology industry. The company also wants to further benefit from global growth drivers such as increasing environmental awareness and stricter political guidelines concerning environmental protection. Vecoplan AG represents an excellent basis for MAX Automation as it has been active on the market for decades and is one of the globally leading providers of systems and components for processing wood and waste materials. The expansion is in line with the medium-term strategy 2021 that has been adopted for the Group.

Daniel Fink, CEO of MAX Automation AG: "Over the past few months, we have discussed in detail the prospects for the environmental technology industry. Against this background, we examined all options for Vecoplan Group without prejudice. As a result, we see good opportunities to sustainably develop environmental technology and thus generate higher value for our shareholders."

Frank Elsner / Frank Paschen
Frank Elsner Kommunikation für Unternehmen GmbH
Phone: +49 - 5404 - 91 92 0
Fax: +49 - 5404 - 91 92 29

About MAX Automation AG
MAX Automation AG (Securities Identification Number: A2DA58) with its headquarters in Düsseldorf is an internationally active high-tech mechanical engineering Group and a leading full-service supplier of integrated and sophisticated system and component solutions. Its operational business is divided into two segments. In the Industrial Automation segment, the Group is considered to be a trendsetter in the development and manufacturing of integrated and proprietary solutions for use in manufacturing and assembly in the automotive industry, medical technology, packaging machines and the electronics industry due to its comprehensive technological know-how. In the Environmental Technology segment, MAX Automation develops and installs innovative systems for use by the recycling, energy and raw materials industries.

27.09.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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