MAX Automation SE decides divestiture of its minority stake in ESSERT GmbH

DGAP-News: MAX Automation SE / Key word(s): Disposal

26.06.2019 / 17:10
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

MAX Automation SE decides divestiture of its minority stake in ESSERT GmbH

Dusseldorf, 26. June, 2019 - The Supervisory Board of MAX Automation SE (ISIN DE000A2DA58), which is listed in the Prime Standard of the Frankfurt Stock Exchange, decided to sell its minority share in ESSERT GmbH during its Board meeting yesterday. Andreas Krause, Chairman of the Management Board and CFO of MAX Automation SE, explains the reasons for this sale decision: "The expectations regarding this investment have not been fulfilled. At the same time, ESSERT GmbH is no longer part of the core business after the structural realignment of our Group. We are focusing on sustainable profitable growth and want to further develop the MAX Automation Group yield-optimised".

ESSERT GmbH consists of two business units: "Advanced Robotics" and "Digital Processes". The current shareholders of the company have agreed that Christopher Essert will develop the company according to his desired focus. Hereto, its managing director Christopher Essert will reacquire the shares in ESSERT GmbH held by MAX Automation. The transaction is expected to be completed by 30 June 2019.

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

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

Marco Cabras
newskontor   - Agentur für Kommunikation
Tel.: +49 - 211 - 863 949 22
marco.cabras@newskontor.de​

About MAX Automation SE
MAX Automation SE (WKN: A2DA58), based in Dusseldorf, is an internationally active industrial group for high-tech automation solutions. The operating business is divided into three divisions: in its Process Technology segment, the Group's comprehensive technological Expertise makes it an innovation leader in the development and manufacture of proprietary solutions (e.g. dosing, impregnation), particularly for the automotive and electronics industries. In its Environmental Technology segment, MAX Automation develops and installs technologically complex systems for the recycling, energy and raw materials industries. The Evolving Technologies division of MAX Automation develops high-quality assembly and system solutions for the medical technology and automotive industries as well as for robotics and augmented automation.

www.maxautomation.com



26.06.2019 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.

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