DGAP-News: MAX Automation SE decides divestiture of its minority stake in ESSERT GmbH

2019. június 26., szerda, 17:10





DGAP-News: MAX Automation SE / Key word(s): Disposal


MAX Automation SE decides divestiture of its minority stake in ESSERT GmbH


26.06.2019 / 17:10



The issuer is solely responsible for the content of this announcement.



PRESS RELEASE



MAX Automation SE decides divestiture of its minority stake in ESSERT GmbH



Dusseldorf, 26. June, 2019 - The Supervisory Board of MAX Automation SE (ISIN DE000A2DA58), which is listed in the Prime Standard of the Frankfurt Stock Exchange, decided to sell its minority share in ESSERT GmbH during its Board meeting yesterday. Andreas Krause, Chairman of the Management Board and CFO of MAX Automation SE, explains the reasons for this sale decision: "The expectations regarding this investment have not been fulfilled. At the same time, ESSERT GmbH is no longer part of the core business after the structural realignment of our Group. We are focusing on sustainable profitable growth and want to further develop the MAX Automation Group yield-optimised".



ESSERT GmbH consists of two business units: "Advanced Robotics" and "Digital Processes". The current shareholders of the company have agreed that Christopher Essert will develop the company according to his desired focus. Hereto, its managing director Christopher Essert will reacquire the shares in ESSERT GmbH held by MAX Automation. The transaction is expected to be completed by 30 June 2019.



Contact:

Katja Redweik

Head of Corporate Development/IR

MAX Automation SE

Tel.: +49 - 211 - 9099 144
katja.redweik@maxautomation.com

Contact for media representatives:

Susan Hoffmeister                                                                

CROSS ALLIANCE communication GmbH.                        

Tel.: +49 - 89 - 125 09 03 30                                               
sh@crossalliance.de                                                          


Marco Cabras

newskontor   - Agentur für Kommunikation

Tel.: +49 - 211 - 863 949 22

marco.cabras@newskontor.de​

About MAX Automation SE

MAX Automation SE (WKN: A2DA58), based in Dusseldorf, is an internationally active industrial group for high-tech automation solutions. The operating business is divided into three divisions: in its Process Technology segment, the Group"s comprehensive technological Expertise makes it an innovation leader in the development and manufacture of proprietary solutions (e.g. dosing, impregnation), particularly for the automotive and electronics industries. In its Environmental Technology segment, MAX Automation develops and installs technologically complex systems for the recycling, energy and raw materials industries. The Evolving Technologies division of MAX Automation develops high-quality assembly and system solutions for the medical technology and automotive industries as well as for robotics and augmented automation.



www.maxautomation.com
















26.06.2019 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.

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Language: English
Company: MAX Automation SE

Breite Straße 29-31

40213 Düsseldorf

Germany
Phone: +49 (0)211 90991-0
Fax: +49 (0)211 90991-11
E-mail: Investor.Relation@maxautomation.com
Internet: www.maxautomation.com
ISIN: DE000A2DA588
WKN: A2DA58
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 831637





 
End of News DGAP News Service





831637  26.06.2019 



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