KUKA confirms success of takeover offer for Swisslog
Augsburg, November 21, 2014. KUKA Aktiengesellschaft confirms that the takeover transaction for Swisslog was successful. The final acceptance quota of 80.47 percent is the same as that stated in the interim preliminary announcement, and is higher than minimum acceptance threshold of 66 2/3 percent.
21 November 2014
"I am very pleased about the broad acceptance of our offer and look forward to further excellent collaboration with Swisslog," said KUKA AG's CEO Dr .Till Reuter.
The period for acceptance of the offer after expiry of the original deadline begins on November 24, 2014 and is expected to end on December 5, 2014, 4:00 PM CET.
KUKA AKTIENGESELLSCHAFTKUKA Aktiengesellschaft is an international enterprise with sales revenues of some EUR 1.8 billion and
approximately 8,000 employees worldwide (as of 31 December 2013). The company focuses on robotsupported automation for industrial manufacturing processes and is one of the world’s leading suppliers of robotics, plant engineering and plant assembly services. KUKA’s business model is based on two business units: the Systems division which designs and builds automated systems and the Robotics division which supplies industrial robots, the core component of automated systems. The holding company and its two divisions are headquartered in Augsburg, Germany. Some 50 companies operate internationally for the automotive industry and in general industry markets.