DGAP-News

Krones AG: Krones acquires Trans-Market to strengthen process technology footprint in the US

DGAP-News: Krones AG / Key word(s): Investment
Krones AG: Krones acquires Trans-Market to strengthen process technology
footprint in the US

31.08.2016 / 18:46
The issuer is solely responsible for the content of this announcement.

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Corporate news release

31 August 2016

Krones acquires Trans-Market to strengthen process technology footprint in
the US

Krones, a leading manufacturer of filling and packaging technology, has
signed and completed the purchase of 80 % of the business of Trans-Market
Sales & Equipment Inc. Trans-Market is based in Tampa, Florida and is a
proven leader in providing process engineering and automation solutions for
the liquid food industry. The company has revenues of approximately $30
million and has a workforce of more than 50 employees.

The previous owners of Trans-Market will retain a 20% ownership. Krones is
financing the acquisition with available funds.

This acquisition is a further step in the implementation of the Krones
strategy to build-up local engineering and sourcing capabilities. By
acquiring Trans-Market, Krones enhances its process technology capabilities
in the US and expands its geographical footprint in North America. Besides
Tampa, Florida, Trans-Market operates two locations in Texas. Together with
the capabilities of Trans-Market Krones can offer its customers in the
liquid food segment in North America the complete product portfolio ranging
from process technology solutions, filling and packing equipment to
logistical solutions, and thereby cover the entire plant of its customers.

Trans-Market will be part of the "Machines and Lines for beverage
production/Process Technology" Segment. The headquarters and management of
Trans-Market will remain in Tampa, Florida.

Contact:
Olaf Scholz
Head of Investor Relations, KRONES AG
Phone: [phone]
E-mail: [e-mail]


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31.08.2016 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: Krones AG
Böhmerwaldstraße 5
93073 Neutraubling
Germany
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.krones.com
ISIN: DE0006335003
WKN: 633500
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Munich;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Stuttgart, Tradegate Exchange


End of News DGAP News Service
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497885 31.08.2016