Sale of Systems US-Aerospace-Business

With the approval of the Supervisory Board of KUKA Aktiengesellschaft, today KUKA Aerospace Holdings LLC sold its Systems US-Aerospace-Business, which was carved-out into a subsidiary, to the US company Advanced Integration Technology, Inc.

December 15, 2016

KUKA Aktiengesellschaft
Zugspitzstrasse 140, 86165 Augsburg

- ISIN DE0006204407-
- ISIN DE000A2BPXK1 -
Listed on the following German stock exchanges:
Frankfurt am Main and Munich

Market segment: Prime Standard

Disclosure of Inside Information in accordance with Article 17 MAR

Sale of Systems US-Aerospace-Business

With the approval of the Supervisory Board of KUKA Aktiengesellschaft, today KUKA Aerospace Holdings LLC sold its Systems US-Aerospace-Business, which was carved-out into a subsidiary, to the US company Advanced Integration Technology, Inc.

The Sale of the Systems US-Aerospace-Business has to be seen in the context of the tender offer of MECCA International (BVI) Limited, a 100% subsidiary of Midea Group Co., Ltd. as of 16 June 2016. For the closing of the tender offer approvals by the US government authorities CFIUS (Committee on Foreign Investment in the United States) and DDTC (Directorate of Defense Trade Controls) are required. The sale of the Systems US-Aerospace-Business is a crucial prerequisite to obtain these approvals.

Augsburg, 15 December 2016

KUKA Aktiengesellschaft

The Executive Board

Download news

Cookie settings OK and discover KUKA

This website uses cookies (find out more) in order to offer you the best service online as well. If you simply continue to use our website, we will only use cookies required for technical purposes. If you click on “OK and discover KUKA”, you are also agreeing to the additional use of marketing cookies. You can select which cookies we use by clicking on “Cookie settings”.

Cookie settings