Press Release

Heinz Dürr family to hold at least 25.1% of Dürr AG stock in the long term

Bietigheim-Bissingen, February 27, 2013 - Heinz Dürr GmbH has sold a total of 193,000 Dürr AG shares in order to address inheritance and successorship matters within the Heinz Dürr family, completing this transaction in the period from February 20 to 26, 2013. In this connection, the Dürr family has simultaneously confirmed that it wants to hold at least 25.1% of Dürr AG stock in the long term. Currently, a total of 28.9% of Dürr AG stock is held by Heinz Dürr GmbH and Heinz und Heide Dürr Stiftung GmbH.

Announced in 2011, the pooling contract between Heinz Dürr GmbH and Heinz und Heide Dürr Stiftung GmbH has not yet been signed as Heinz und Heide Dürr Stiftung is currently being converted from a limited-liability company into a normal non-profit-making foundation. After this, the pooling contract will be signed.

Dürr is a mechanical and plant engineering group that holds leading positions in the world market in its areas of operation. It generates a good 80% of its sales in business with the automotive industry. It also supplies the aircraft, machinery, chemical, and pharmaceutical industries with innovative production and environmental technology. The Dürr Group operates in the market with four divisions: Paint and Assembly Systems plans and builds paint shops and final assembly systems for the automobile industry. Application Technology provides automated paint application with its robot technologies. Machinery and systems from the Measuring and Process Systems division are used in engine and transmission manufacturing as well as in final vehicle assembly, among other areas. The fourth division, Clean Technology Systems, specializes in processes to improve energy efficiency and exhaust air purification. Dürr has 51 business locations in 23 countries worldwide and approximately 7,700 employees. The Group achieved sales revenues of € 2.4 billion in 2012.

 

 

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