KION GROUP AG to acquire Dematic

2016-06-21

KION GROUP AG / Key word(s): Takeover 21.06.2016 07:40 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to section 15 of the German Securities Trading Act (WpHG) Key Word: Takeover ISIN: DE000KGX8881 Stock exchanges: Frankfurt; Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart; EUREX Market segment: Regulated market in Frankfurt (Prime Standard); Open market (Freiverkehr) in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart; EUREX KION GROUP AG to acquire Dematic 21 June 2016 - KION GROUP AG ("KION") today has signed a sale and purchase agreement for the acquisition of Dematic. Dematic is a leading global supplier of advanced integrated automation technology, software and services to optimize supply chains. The purchase price payable by KION is subject to customary purchase price adjustments. After deductions for certain liabilities, KION expects the purchase price for the shares to amount to approx. USD 2.1 billion, based on an enterprise value of Dematic of USD 3.25 billion. The transaction is subject to customary closing conditions including regulatory approval and is expected to be closed in the course of the fourth quarter of 2016. Through the acquisition of Dematic, KION will advance its position as one- stop-supplier for intelligent supply chain solutions. As a result of the successful completion of the transaction, KION's global workforce will grow to approx. 30,000 employees and the revenues for the twelve months through 31 December 2015 will amount to approx. EUR 6.7 billion with a combined adjusted EBIT margin of approx. 9.4 per cent for this period. The transaction will be funded initially with a bridge loan facility of EUR 3.0 billion which has been firmly committed by a group of KION's core relationship banks. KION intends to permanently refinance the bridge loan through equity, long-term capital markets and bank debt. KION plans to utilize its currently existing authorized share capital for the equity issuance. 21.06.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap.de

Language: English Company: KION GROUP AG Abraham-Lincoln-Str. 21 65189 Wiesbaden Germany Phone: +49 (0)611 770-0 Fax: +49 (0)611 770-690 E-mail: info@kiongroup.com Internet: www.kiongroup.com ISIN: DE000KGX8881 WKN: KGX888 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service


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