Grenzebach Maschinenbau GmbH increases share ownership in KUKA
On March 9, 2009, Grenzebach Maschinenbau GmbH announced that it had increased its share ownership in KUKA Aktiengesellschaft to just over 10 percent of the voting rights
Grenzebach Maschinenbau GmbH had already notified the company on December 4, 2008 that it had acquired 5.43 percent of KUKA's shares.
KUKA Aktiengesellschaft sees Grenzebach Maschinenbau GmbH's interest in KUKA as evidence of its confidence in the growth potential and quality of the company, as well as the attractiveness of KUKA's shares.
KUKA and Grenzebach have been working successfully as partners for many years. The alliance supports further expansion of the Group's general industry business.