Positive Conclusion to Anti-Trust Investigation
The Federal Anti-Trust Authority has written to Pfleiderer AG, Neumarkt (ISIN DE0006764749) on March 21, 2006, informing that it sees no grounds why the transaction for the sale of Pfleiderer track systems to AXA Private Equity should not be completed. This means that a major condition for closing the transaction has now been fulfilled. Pfleiderer AG expects to close the contracts in the near future.
On March 10, 2006, Pfleiderer AG notified the authorities that it had signed a contract to sell its Business Center Pfleiderer track systems to AXA Private Equity. Pfleiderer expects to gain a book profit of around 45 million euros after taxes from the sale.
The sale of the Business Center track systems marks the end of a phase of strategic realignment by Pfleiderer AG, which is now focusing on the international expansion of its engineered wood activities.
About the PCM RAIL.ONE Group
The PCM RAIL.ONE Group has been manufacturing concrete sleepers and track systems for urban transit and long-distance rail transportation for over 60 years. The technology leader also offers its expertise in the fields of engineering and plant construction. Its customer-driven innovations fulfill the highest quality standards and are installed around the world
The PCM RAIL.ONE Group is comprised of several companies and eleven production facilities with a presence in Germany, Romania, Saudi Arabia, Spain, South Korea, Hungary, Turkey, the United States, and India. It maintains annual capacities of over 5 million track sleepers and 750,000 linear meters of turnout sleepers.