DGAP-News: MAG IAS GmbH initiates reimbursement of its 2011/2016 bond

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.

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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


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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.

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