KUKA achieves 90 percent in Swisslog takeover offer

By the deadline on 5 December 2014, 4 p.m. CET, KUKA AG had acquired 227,414,953 Swisslog shares. The number is equal to 90.9 percent of the 250,311,599 Swisslog shares that were subject to the acquisition offer. KUKA has thus reached the 90-percent-threshold, which is the prerequisite for a squeeze out in which the remaining shareholders will receive a cash pay-out.

KUKA will announce the definitive final result of the purchase offer on 11 December 2014.

The finalizing of the purchase offer is planned for 15 December 2014.

Dr. Till Reuter, CEO of KUKA AG, commented on the result: “We are delighted to see that more than 90 percent of the Swisslog shareholders have accepted our offer. Now we will take the next steps to become global provider of integrated automation solutions for a number of industries."

 

The KUKA stock corporation is an international company with approximately 1.8 billion euros in revenue and around 8,000 employees around the world. The company focuses on robot-supported automation of production processes and is one of the world's leading mechanical engineering and robotics companies. In the systems division, the business model focuses on the planning and automation of systems; the robotics division supplies industrial robots, the core component for automation. The holding company and the two divisions are headquartered in Augsburg. Around 50 subsidiaries operate internationally in the automobile industry and general industry.