Sale of Systems US-Aerospace-Business
With the approval of the Supervisory Board of KUKA Aktiengesellschaft, today KUKA Aerospace Holdings LLC sold its Systems US-Aerospace-Business, which was carved-out into a subsidiary, to the US company Advanced Integration Technology, Inc.
15 December, 2016
Zugspitzstrasse 140, 86165 Augsburg
- ISIN DE0006204407-
- ISIN DE000A2BPXK1 -
Listed on the following German stock exchanges:
Frankfurt am Main and Munich
Market segment: Prime Standard
Disclosure of Inside Information in accordance with Article 17 MAR
Sale of Systems US-Aerospace-Business
With the approval of the Supervisory Board of KUKA Aktiengesellschaft, today KUKA Aerospace Holdings LLC sold its Systems US-Aerospace-Business, which was carved-out into a subsidiary, to the US company Advanced Integration Technology, Inc.
The Sale of the Systems US-Aerospace-Business has to be seen in the context of the tender offer of MECCA International (BVI) Limited, a 100% subsidiary of Midea Group Co., Ltd. as of 16 June 2016. For the closing of the tender offer approvals by the US government authorities CFIUS (Committee on Foreign Investment in the United States) and DDTC (Directorate of Defense Trade Controls) are required. The sale of the Systems US-Aerospace-Business is a crucial prerequisite to obtain these approvals.
Augsburg, 15 December 2016
KUKA Aktiengesellschaft
The Executive Board
