MS Industrie AG: Closing of the "Schunk Sonosystems / MS Ultrasonic Technology Group" Transaction

München (pta009/08.07.2024/11:00 UTC+2)

• Sustainable strengthening of the plants in Spaichingen, Ettlingen and Howell/USA

• Cash inflow totalling around EUR 45 million was used to significantly reduce bank liabilities

The management board of MS Industrie AG (WKN 585518; ISIN DE0005855183) informs that the sale of 51% of the subsidiary MS Ultraschall Technologie GmbH, Spaichingen, to Schunk Sonosystems GmbH, Wettenberg, announced in the AD-HOC notification of May 31, 2024, was completed as expected on July 05, 2024.

"We have been working on expanding MS Ultrasonic Technology Group into a full-range ultrasonic provider for some time and have found the ideal, complementary partner in Schunk Sonosystems – world market leader for ultrasonic metal welding. With this transaction, our plants in Spaichingen, Ettlingen and Howell/USA will be sustainably strengthened. We also benefit enormously from the global presence, network and know-how of the entire Schunk Group," says Armin Distel, member of the management board of MS Industrie AG. "This puts the MS Ultrasonic Technology Group in a good starting position for further global growth and long-term development. Our customers will benefit from this."

The fund inflow from the transaction, totalling around EUR 45 million, was used to repay all bank liabilities of the MS Ultrasonic Technology Group in Germany and the USA as well as the biggest part of bank liabilities of MS XTEC GmbH, Trossingen. "As a result of this and following the conversion of the consolidation of the MS Ultrasonic Group to the "at equity" method, the net debt and the future interest burden of the MS Industrie Group will be significantly reduced, as already announced at our Annual General Meeting on July 01, 2024. The reduction in balance sheet total leads to an equity ratio of over 50%. In the current year we expect sales of around 150 million euros in our core segment MS XTEC. MS Industrie AG is strategically and operationally well positioned and focused," said Dr. Andreas Aufschnaiter, member of the management board of MS Industrie AG.

Background:

MS Industrie AG (WKN 585518; ISIN DE0005855183), headquartered in Munich, is the listed parent company of a focused technology group with the two business areas drive technology ("MS XTEC": systems and components for heavy-duty combustion engines and hybrid or electrical drive solutions) and ultrasonic technology ("MS Ultrasonic": special machines, standard machines and ultrasonic systems and components). Key customer industries include the global commercial vehicle and passenger car industry, followed by the packaging machine industry, the medical and other plastic processing industries as well as the general mechanical and plant engineering industry. In financial year 2023, the Group generated revenues of around EUR 250 million with over 800 fixed employees at five production sites, two of which are located in Germany and one each in the USA, Brazil and China.

Press Contact :

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Klaus-Karl Becker
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kkb@b-bg.de

Disclaimer:

The publisher of this document is MS Industrie AG based in Munich. Although the information in this document comes from sources that MS Industrie AG considers reliable, no guarantee can be given for the correctness of the information in this document. This document does not constitute a prospectus and is also not suitable as a basis for evaluating the securities presented in the document. Estimates and opinions contained in this document represent the assessment of MS Industrie AG at the time the document was created and are subject to change at any time without prior notice. MS Industrie AG and/or its affiliated companies may from time to time hold positions in the securities referred to in this document or in options, futures and other derivatives based thereon, may provide other services (including those as advisors) to each company named in this document, provide or have provided and may (to the extent permitted by law) have used the information contained herein or the research on which it is based prior to its publication. Any kind of advisory relationship between MS Industrie AG and the recipient of this document is not established by the provision of this document. Each recipient must conduct its own research and take precautions to check the profitability and reasonableness of an investment decision, taking into account its personal and economic interests. MS Industrie AG is not liable for the consequences of trusting in opinions or statements in this document, nor for the incompleteness of the same. Any citizen of the United States of America who receives this document and wishes to transact in securities referred to herein is required to do so through a US-licensed broker.

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Emitter:	MS Industrie AG Brienner Straße 7 80333 München Germany
Contact Person:	Investor Relations
Phone:	+49 89 20 500 900
E-Mail:	info@ms-industrie.ag
Website:	www.ms-industrie.ag
ISIN(s):	DE0005855183 (Share)
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