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Sale of VAG-Armaturen GmbH

As part of the measures to dispose of its former Process Technology Division, IWKA Aktiengesellschaft, Karlsruhe, has sold VAG-Armaturen GmbH, Mannheim, and its subsidiaries (the VAG-Group) to a financial investor, effective as of January 1, 2005.

10 December 2004

The VAG-Group, which has over 700 employees, generates sales of approximately EUR 74 million in 2004.


Karlsruhe, December 10, 2004

The Executive Board