Grammer AG / Key word(s): Acquisition
21.02.2013 16:04
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement pursuant to section 15 WpHG
GRAMMER AG (WKN 589540, ISIN DE0005895403)
Takeover of headrest manufacturer Nectec by Grammer AG approved and
completed
Amberg, February 21, 2013 - The takeover of Czech Republic-based Nectec
Automotive s.r.o. by Grammer AG has been completed following approval of
the transaction by antitrust authorities.
With the acquisition and integration of Nectec, Grammer further expands its
strongest revenue-generating segment and strengthens its leading position
in the European headrest market. At the same time, the deal opens up new
growth opportunities for Grammer in the European premium segment.
GRAMMER AG
Executive Board
Contact:
GRAMMER AG
Ralf Hoppe
Phone: 0049 9621 66 2200
investor-relations@grammer.com
21.02.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Grammer AG
Postfach 14 54
92204 Amberg
Germany
Phone: +49 (0)9621 66-0
Fax: +49 (0)9621 66-1000
E-mail: investor-relations@grammer.com
Internet: www.grammer.com
ISIN: DE0005895403, DE0005895403
WKN: 589540, 589540
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Grammer AG: Takeover of headrest manufacturer Nectec by Grammer AG approved and completed
| Source: EQS Group AG