Weidmüller Beteiligungsgesellschaft mbH
Weidmüller Beteiligungsgesellschaft mbH: Minimum acceptance level of more than 50 percent not reached in takeover offer for R. STAHL – Weidmüller remains on growth course
Weidmüller Beteiligungsgesellschaft mbH / Key word(s): Offer Minimum acceptance level of more than 50 percent not reached in takeover offer for R. STAHL – Weidmüller remains on growth course “We are disappointed that we have not reached the minimum acceptance level for the combination. It is a missed opportunity for both companies. Unfortunately we could not convey our good arguments strongly enough to shareholders. We would like to thank all who tendered”, said Dr Peter Köhler, Chief Executive Officer of Weidmüller. “We continue to focus on our future. For this, we have defined a clear path with our ‘Strategy 2020’. The positive business development of the past years reinforces our direction,” notes Peter Köhler. With its “Strategy 2020”, Weidmüller has a long-term business concept which will be followed consistently. The declared objective is to strengthen its position as a globally leading provider of electrical connection technology and electronics by 2020, and continue to successfully grow in the market. The company will now focus to a greater extent on three aspects of its “Strategy 2020”. 1. Securing innovation and technology leadership: Weidmüller will continue to invest in the development of new products and solutions, as innovations will be one of the key growth drivers. The company plans for investments of EUR 38 million in Research & Development this year, equalling the high level of the previous year. Already this year, 25 percent of all electronic products were launched less than five years ago. As a pioneer in Industry 4.0, Weidmüller will boost this share to significantly more than 40 percent by 2018, and then even further expand it. 2. Customer proximity and expansion of global presence: Weidmüller will target the expansion of its sales and service network in growth regions such as North-East Europe, South America, South-East Asia, India and Africa. Overall, the company will significantly increase the number of its local sales companies by 2020 to offer greater customer proximity. At the same time, sales structures will be extended, and service for customers through additional application engineers and solutions specialists will be added. Weidmüller will continue to invest substantially to expand its global presence. 3. Further development towards a solution provider: Weidmüller will more strongly integrate its components with a view to the respective industry. The objective is to offer application-oriented solutions that customers obtain on a one-stop shop basis. In this context, Weidmüller will also invest substantially in the upcoming years. Weidmüller – Your Partner in Industrial Connectivity As experienced experts we support our customers and partners around the world with products, solutions and services in the industrial environment of power, signal and data. We are at home in their industries and markets and understand the technological challenges of tomorrow. We are therefore continuously developing innovative, sustainable and useful solutions for their individual needs. Together we set standards of Industrial Connectivity. The Weidmüller Group owns manufacturing plants and sales companies in more than 80 countries with local representatives. In the fiscal year 2013, Weidmüller reached sales of EUR 640 million with approximately 4,600 employees.
Disclaimer This notification constitutes neither an offer to purchase, nor an invitation to make an offer to sell shares in R. STAHL AG. The terms and conditions of the takeover offer, as well as further provisions regarding the takeover offer, are communicated in the offer document. Investors and holders of shares in R. STAHL AG are strongly recommended to read the offer document and all other related documents in connection with the takeover offer, since they will contain important information. It is not allowed to publish, distribute, or pass on this press release, the offer document, a summary or other description of the provisions of the takeover offer, or other informative documents relating to the takeover offer, or any other documents connected with it, whether directly or indirectly, outside the Federal Republic of Germany, if and insofar as this breaches applicable foreign regulations, or is dependent on compliance with official procedures or the issuing of authorization, or fulfilling other prerequisites, and these not being present. The acceptance of the takeover offer outside the Federal Republic of Germany may be subject to legal systems other than that of the Federal Republic of Germany and to legal restrictions. Persons who have come into possession of the offer document outside the Federal Republic of Germany and who wish to accept the takeover offer outside the Federal Republic of Germany, and/or who are subject to legal regulations other than those of the Federal Republic of Germany, are requested to obtain information on the relevant applicable legal regulations and to comply with these. End of Corporate News 04.07.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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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