Continental AG: Continental to acquire Motorola´s automotive electronics business
Continental AG / Contract/Miscellaneous
Ad-hoc-Announcement according to § 15 WpHG transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc Disclosure
Continental to acquire Motorola’s automotive electronics business
Continental AG, Hannover, has signed an agreement to acquire the worldwide
automotive electronic business of Motorola, Inc., Schaumburg, USA. The
purchase price has been agreed at 1 billion US-Dollar.
In 2005, Motorola’s automotive electronics business has generated
profitable annual revenues of approx. 1.6 billion US-Dollar, of which more
than 2/3 are allocable to the NAFTA-Region. The business employs approx.
4,500 employees at their main production and engineering facilities in the
USA, Mexico, France and China. It produces and supplies electronic control
units for the power train, for chassis control and for interior
applications. In particular, it develops and supplies embedded telematics
products which enable communication from the car to external network units.
Telematics products can be used for various new safety and comfort
functionalities (e.g. for telecommunication and navigation) in the car.
The transaction is expected to be completed in the first half of 2006 and
is subject to merger control clearance and other closing conditions.
Hannover, April 3, 2006
Continental AG
DGAP 03.04.2006
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language: English
company: Continental AG
Vahrenwalder Straße 9
30165 Hannover Deutschland
phone: +49 (0)511 938-17 10
fax: +49 (0)511 938-19 43
email: ir@conti.de
WWW: www.conti.de
ISIN: DE0005439004
WKN: 543900
indices: DAX
stockmarkets: Amtlicher Markt in Wiener Börse, Frankfurt (Prime Standard),
Hannover, Hamburg, Luxembourg, SWX, Stuttgart; Freiverkehr in
Berlin-Bremen, München, Düsseldorf
End of News DGAP News-Service
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