MAX Automation SE: Supervisory Board decides closure of IWM Automation Bodensee GmbH

MAX Automation SE / Key word(s): Strategic Company Decision
MAX Automation SE: Supervisory Board decides closure of IWM Automation Bodensee GmbH

25-Jun-2019 / 18:24 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
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AD-HOC RELEASE (PURSUANT TO SECTION 17 GERMAN SECURITIES TRADING ACT (WPHG))

MAX Automation SE: Supervisory Board decides closure of IWM Automation Bodensee GmbH

Dusseldorf, June 25, 2019 - Having duly considered alternatives, including disposal, the Supervisory Board of MAX Automation SE has today decided the closure of the high loss-making subsidiary IWM Automation Bodensee GmbH in Bermatingen as of December 31, 2019. The process of closing IWM Automation Bodensee GmbH at its location in Bermatingen affects around 100 jobs. A social package and establishing a transfer company are intended to mitigate the consequences of job losses. Customer projects still to be processed will be duly completed in an orderly manner. In addition to the resulting operating losses, the additional costs for the closure will be in the upper one-digit million range.

Contact:
Katja Redweik
Head of Corporate Development/IR
MAX Automation SE
Tel.: +49 (0)211 - 9099 144
katja.redweik@maxautomation.com

Contact for media representatives:
Susan Hoffmeister
CROSS ALLIANCE communication GmbH
Tel.: +49 (0)89 - 125 09 03 30
sh@crossalliance.de

Marco Cabras
newskontor - Agentur für Kommunikation
Tel.: +49 (0)211 - 863 949 22
marco.cabras@newskontor.de
www.maxautomation.com


25-Jun-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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