EANS-Adhoc
BWT Aktiengesellschaft / BWT signs framework agreement for the takeover of the majority in Mettem Technologies in Russia, strengthens its market presence in the consumer business
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Mergers - Acquisitions - Takeovers/Company Information
23.01.2015
Mondsee, 23 January 2015. The BWT Group has strengthened its presence
in the point-of-use consumer business with a majority interest in the
Mettem Technologies Group, Moscow, secured by the signing of a
framework agreement.
Last year, Mettem Technologies generated revenue of around RUB 2.6
billion) (approximately EUR35 million). With its "BARRIER" brand, it
is the market leader for table water filters in Russia and also holds
significant shares in the market for inline filter systems.
BWT CEO Andreas Weissenbacher says: "We will use our participation in
Mettem/Barrier to proceed with the internationalisation of the BWT
Group, especially in the promising Asian markets for point-of-use
business. In future, BWT-BARRIER's activities will also be supported
by BWT table water filters' unique magnesium technology."
The new joint holding company will be headquartered in Mondsee,
Austria, where the operations of the new BWT Consumer Group will be
managed. The closing of the transaction is subject to different
conditions, among other things, to approval by antitrust authorities
and is expected during the first half-year 2015. The parties have
agreed not to disclose the purchase price.
Released for publication.
About BWT
The Best Water Technology Group is Europe's leading water technology
company. BWT's 2,600 employees work to provide clients in private
households, industries, commerce, hotels and municipalities with
innovative, economic and ecological water treatment and technologies
that ensure the highest standards of safety, hygiene and health in
their daily contact with water. BWT offers modern treatment systems
and services for drinking water, pharmaceutical and process water,
water for heating, boilers and cooling, and water for air
conditioning systems and swimming pools. BWT's R&D department uses
state-of-the-art methods and the latest processes and materials to
develop environmentally-friendly, cost-effective products. A crucial
focus is on minimising the products' resource and energy consumption,
thereby reducing CO2 emissions.
Further inquiry note:
BWT Aktiengesellschaft
Josef Nußdorfer
Investor Relations & Corporate Communications
Walter-Simmer-Str. 4, 5310 Mondsee, Austria
T +43 6232 5011-1113
E-Mail: Josef.Nussdorfer@bwt-group.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: BWT Aktiengesellschaft
Walter-Simmer-Str. 4
A-5310 Mondsee
phone: 06232/5011-0
FAX: 06232/4058
mail: office@bwt.at
WWW: www.bwt-group.com
sector: Water Supply
ISIN: AT0000737705, AT0000737705; AT0000737705
indexes: Standard Market Auction
stockmarkets: official market: Wien
language: English
ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
--------------------------------------------------------------------------------
Mergers - Acquisitions - Takeovers/Company Information
23.01.2015
Mondsee, 23 January 2015. The BWT Group has strengthened its presence
in the point-of-use consumer business with a majority interest in the
Mettem Technologies Group, Moscow, secured by the signing of a
framework agreement.
Last year, Mettem Technologies generated revenue of around RUB 2.6
billion) (approximately EUR35 million). With its "BARRIER" brand, it
is the market leader for table water filters in Russia and also holds
significant shares in the market for inline filter systems.
BWT CEO Andreas Weissenbacher says: "We will use our participation in
Mettem/Barrier to proceed with the internationalisation of the BWT
Group, especially in the promising Asian markets for point-of-use
business. In future, BWT-BARRIER's activities will also be supported
by BWT table water filters' unique magnesium technology."
The new joint holding company will be headquartered in Mondsee,
Austria, where the operations of the new BWT Consumer Group will be
managed. The closing of the transaction is subject to different
conditions, among other things, to approval by antitrust authorities
and is expected during the first half-year 2015. The parties have
agreed not to disclose the purchase price.
Released for publication.
About BWT
The Best Water Technology Group is Europe's leading water technology
company. BWT's 2,600 employees work to provide clients in private
households, industries, commerce, hotels and municipalities with
innovative, economic and ecological water treatment and technologies
that ensure the highest standards of safety, hygiene and health in
their daily contact with water. BWT offers modern treatment systems
and services for drinking water, pharmaceutical and process water,
water for heating, boilers and cooling, and water for air
conditioning systems and swimming pools. BWT's R&D department uses
state-of-the-art methods and the latest processes and materials to
develop environmentally-friendly, cost-effective products. A crucial
focus is on minimising the products' resource and energy consumption,
thereby reducing CO2 emissions.
Further inquiry note:
BWT Aktiengesellschaft
Josef Nußdorfer
Investor Relations & Corporate Communications
Walter-Simmer-Str. 4, 5310 Mondsee, Austria
T +43 6232 5011-1113
E-Mail: Josef.Nussdorfer@bwt-group.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: BWT Aktiengesellschaft
Walter-Simmer-Str. 4
A-5310 Mondsee
phone: 06232/5011-0
FAX: 06232/4058
mail: office@bwt.at
WWW: www.bwt-group.com
sector: Water Supply
ISIN: AT0000737705, AT0000737705; AT0000737705
indexes: Standard Market Auction
stockmarkets: official market: Wien
language: English
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