Dow Jones received a payment from EQS/DGAP to publish this press release.
DGAP-Media / 2018-11-29 / 18:21
Cologne, 29 November 2018
*DEUTZ AG supports change of ownership for the Neue Halberg Guss GmbH
business* *operations*
*- *Viable solution for employees and customers of Neue Halberg Guss GmbH
(NHG)
- Long-term planning certainty and security of supply ensured
DEUTZ AG welcomes and supports the change of ownership for the business
operations of Neue Halberg Guss GmbH (NHG) that was agreed today. A viable
solution has thereby been found both for NHG's employees and for customers
who rely on its cast parts. Under this arrangement, the new owners, whom
DEUTZ Group is actively supporting with partial financing, will acquire the
relevant production facilities and land at the Saarbrücken and Leipzig
sites.
The new ownership situation will ensure that DEUTZ AG is supplied with the
engine blocks, crankcases and cylinder heads it needs to manufacture its
engines. "After many months of intensive negotiations and associated
uncertainty, a long-term solution has finally been found. This gives us
planning security and will ensure reliable deliveries to our customers,"
says Chairman of the DEUTZ Board of Management Dr Frank Hiller.
For further information on this DEUTZ AG press release, please contact:
Leslie Isabelle Iltgen
Senior Vice President Communications & Investor Relations
Tel: +49 (0)221 822 3600
Fax: +49 (0)221 82215 3600
Email: Leslie.Iltgen@deutz.com
End of Media Release
Issuer: DEUTZ AG
2018-11-29 Dissemination of a Press Release, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: DEUTZ AG
Ottostraße 1
51149 Köln (Porz-Eil)
Germany
Phone: +49 (0)221 822 0
Fax: +49 (0)221 822 3525
E-mail: ir@deutz.com
Internet: www.deutz.com
ISIN: DE0006305006
WKN: 630500
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard);
Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP Media
753009 2018-11-29
(END) Dow Jones Newswires
November 29, 2018 12:22 ET (17:22 GMT)
