Continental AG: Continental to acquire Motorola´s automotive electronics business
Continental AG / Contract/MiscellaneousAd-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.----------------------------------------------------------------------Ad-hoc DisclosureContinental to acquire Motorola’s automotive electronics businessContinental AG, Hannover, has signed an agreement to acquire the worldwideautomotive electronic business of Motorola, Inc., Schaumburg, USA. Thepurchase price has been agreed at 1 billion US-Dollar.In 2005, Motorola’s automotive electronics business has generatedprofitable annual revenues of approx. 1.6 billion US-Dollar, of which morethan 2/3 are allocable to the NAFTA-Region. The business employs approx.4,500 employees at their main production and engineering facilities in theUSA, Mexico, France and China. It produces and supplies electronic controlunits for the power train, for chassis control and for interiorapplications. In particular, it develops and supplies embedded telematicsproducts which enable communication from the car to external network units.Telematics products can be used for various new safety and comfortfunctionalities (e.g. for telecommunication and navigation) in the car.The transaction is expected to be completed in the first half of 2006 andis subject to merger control clearance and other closing conditions.Hannover, April 3, 2006Continental AGDGAP 03.04.2006 ---------------------------------------------------------------------- language: Englishcompany: Continental AG Vahrenwalder Straße 9 30165 Hannover Deutschlandphone: +49 (0)511 938-17 10fax: +49 (0)511 938-19 43email: ir@conti.deWWW: www.conti.deISIN: DE0005439004WKN: 543900indices: DAXstockmarkets: 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 ---------------------------------------------------------------------------