DGAP-News: Masterflex AG / Key word(s): Disposal
Masterflex AG: Sale of fuel cell technology
28.09.2011 / 17:20
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Gelsenkirchen, 28 September 2011 - Masterflex AG today signed a contract
for the sale of its fuel cell technology activities as part of an asset
deal. The contract was signed with the usual conditions for such
transactions. All effects of the transaction on the balance sheet were
already dealt with in the 2010 annual financial statements. The transfer of
the assets of Brennstoffzellentechnik GmbH is expected to take place
shortly.
The sale of the fuel cell technology marks the final completion of the
disposal of the loss-making Mobility unit resolved on 10 November 2010. The
two other, dominant companies in this segment, Clean Air Bike GmbH and Velo
Drive GmbH, were already sold in the first half of 2011.
With the sale of the last non-core activities, the Masterflex Group now
operates solely in the profitable business with High Tech hoses. The Group
intends to achieve further growth with an internationalisation and
innovation strategy.
End of Corporate News
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28.09.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Masterflex AG
Willy-Brandt-Allee 300
45891 Gelsenkirchen
Germany
Phone: +49 (0)209 97077-44
Fax: +49 (0)209 97077-20
E-mail: annette.littmann@masterflex.de
Internet: www.masterflex.de
ISIN: DE0005492938
WKN: 549 293
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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140647 28.09.2011
DGAP-News: Masterflex AG: Sale of fuel cell technology
| Source: EQS Group AG