DGAP-News: MAG IAS GmbH / Key word(s): Bond/Miscellaneous MAG IAS GmbH initiates reimbursement of its 2011/2016 bond 05.02.2016 / 15:45 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Eislingen, February 5, 2016. MAG IAS GmbH announces that it has initiated the reimbursement of its 2011/2016 bond (ISIN: DE000A1H3EY2). The funds of 50 million euros plus 3.75 million euros of interest for the period February 8, 2015 to February 8, 2016 are deposited with the paying agent and will be disbursed to the bondholders by Clearstream Banking AG on February 8, 2016. Dr. Reiner Beutel, Managing Director of MAG IAS GmbH, said: "In the past five years, MAG has successfully realigned its business model as a machine tool manufacturer and has positioned itself as an attractive partner for its new majority owner, the global FFG group, by focusing on the automotive sector and building its strong market position. We would like to thank our bondholders for their trust over the past five years. With their investment they have made an important contribution to MAG's success today." Luigi Maniglio, Chairman of FFG Europe and Managing Director of MAG IAS GmbH, added: "By partnering with MAG, FFG has positioned itself among the top 3 machine tool manufacturers in the world. We continue to see significant potential for the further growth of our group of companies, most notably from the advancing digitalization of industrial production and the increasing demand for customer-tailored services, but also from the synergies of a combined market approach. We benefit from our global setup with more than 50 production sites and a broad spectrum of industries that our products and services address, from railway to automotive to aviation. Fluctuations in demand in individual countries or industries are thus offset and we are able to achieve solid growth. Our customers will now benefit from our increased product portfolio and services that we offer them as their 'one-stop-shop' for machine tools." About MAG: MAG is one of the world's largest and technologically most advanced providers of turnkey production plants and machines for the mechanical processing of engine and chassis components for the automotive industry. MAG has approx. 1,500 employees with manufacturing, sales and service locations in Germany, USA, China, India, Hungary and the UK. MAG recorded revenues of approx. EUR 500 million for fiscal year 2015. MAG offers machine tools, manufacturing systems, and services including turning, milling, honing, systems integration, automation & software, services, retrofit, core components, and e-learning. As full scale supplier, MAG manufacturing solutions include a comprehensive range of equipment and technologies, process capability and full turnkey systems. With an in-depth knowledge of applications and manufacturing requirements, MAG partners with its customers to continuously reduce their production costs. www.mag-ias.com About Fair Friend Group: The Taiwan based Fair Friend Group is a world leading industrial conglomerate, generating an annual turnover of USD 3.8 billion (including MAG Group) with over 80 companies operating in the fields of Machine Tool Technology, PCB, Industrial Equipment and Green Technology. Founded in 1979 in Taiwan, FFG developed into the largest local machine tool manufacturer with major brands like Feeler and Leadwell. From 1989, the growth strategy included international acquisitions in the USA, Italy, Germany, Japan, South Korea, and Switzerland. The acquisitions included leading manufacturing technology companies like VDF Boehringer, Hessapp, Honsberg, Hüller Hille, Ikegai, Jobs, MAG Group, Modul, Pfiffner, Rambaudi, Sachman, Sigma, Witzig & Frank. FFG's machine tool division covers a large variety of industries, including Aerospace, Railway, Mould and Die, Electronics, and Automotive. With MAG's seven production facilities, FFG increases the number of machine tool factories to 51 across the globe, now covering Taiwan, Germany, Italy, Hungary, Japan, South Korea, China, Switzerland, India and the USA with a total of 32 brands. With over 6000 employees, the machine tool division of FFG, including the MAG Group, generates an annual turnover of more than USD 2.3 billion. Press contact: Joachim Jäckl +49 7161 1567 210 Joachim.jaeckl@ffg-werke.com --------------------------------------------------------------------------- 05.02.2016 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- 435227 05.02.2016
DGAP-News: MAG IAS GmbH initiates reimbursement of its 2011/2016 bond
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