MAX Automation SE: MAX Group concludes agreement on sale of MA micro Group
April 26, 2024 at 06:10 am EDT
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EQS-Ad-hoc: MAX Automation SE / Key word(s): Disposal
MAX Automation SE: MAX Group concludes agreement on sale of MA micro Group
26-Apr-2024 / 12:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DISCLOSURE OF AN INSIDE INFORMATION PURSUANT TO ARTICLE17 OF THE REGULATION (EU) NO.596/2014
MAX Automation SE: MAX Group concludes agreement on sale of MA micro Group
Hamburg, 26 April 2024 – MAX Management GmbH, a wholly-owned subsidiary of MAX Automation SE, today has concluded an agreement with Hitachi, Ltd. on the sale of the MA micro group, consisting of MA micro automation GmbH and its subsidiaries MA Life Science GmbH, Micro Automation LLC and Micro Automation LLP. The share purchase agreement provides for a purchase price in the range of approximately EUR 71.5 million to EUR 76.5 million, subject to the 2024 performance of the MA micro group. The transaction, subject to various customary conditions, in particular, the granting of merger control approvals, is expected to be closed in the second half-year of 2024. The proceeds from the sale are primarily intended to be used to reduce financial liabilities of the MAX Group by partially repaying the syndicated loan.
CONTACT:
Marcel Neustock
Head of Investor Relations
Phone: +49 – 40 – 8080 582 75 investor.relations@maxautomation.com www.maxautomation.com
CONTACT FOR MEDIA REPRESENTATIVES:
Susan Hoffmeister
CROSS ALLIANCE communication GmbH
Phone: +49 – 89 – 125 09 03 33 sh@crossalliance.de www.crossalliance.de
End of Inside Information
26-Apr-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com
Language:
English
Company:
MAX Automation SE
Steinhöft 11
20459 Hamburg
Germany
Phone:
+4940808058270
Fax:
+4940808058299
E-mail:
investor.relations@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
Max Automation SE is a Germany-based developer and producer of industrial automation and environmental technology solutions. In the Industrial Automation segment, it serves, among others, the medical technology, electronics and packaging industries. It manufactures and provides tailored assembly systems, optoelectronic modules, micro-optical components, handling and conveying systems for metals, dosing systems and control systems for automation processes. In the Environmental Technology segment, the Company offers solutions for international recycling management, including systems to recycle primary and secondary raw materials from waste. It also provides consulting, design, assembly, commissioning and maintenance services.