Sale of Bopp & Reuther Sicherheits- und Regelarmaturen Group
As part of its divestment program of the former Process Technology Division, the IWKA Group sold the Bopp & Reuther Sicherheits- und Regelarmaturen Group to a group company of the financial investor Tequity GmbH, Frankfurt/Main, on February 22, 2006, with effect from January 1, 2006.
February 22, 2006
The impact on results is EUR -4.5 million, which was mainly taken into account in 2005. The Bopp & Reuther Sicherheits- und Regelarmaturen Group achieved sales revenues of EUR 41.3 million in 2005 with 250 employees.
This transaction completes the sale of all the companies in the IWKA Group's former Process Technology Division.
Karlsruhe, February 22, 2006
The Executive Board