Detmold, 10 April 2014. Based on corresponding board resolutions, electronics specialist Weidmüller has today decided to issue a public takeover offer for all shares of R. STAHL AG. The takeover offer to be issued will provide an offer price of EUR 47.50 per share of R. STAHL AG. Further details about the takeover offer will be included in the offer document to be approved by the Federal Financial Supervisory Authority (BaFin).
Weidmüller expects to publish the offer document in mid-May 2014.
Perfect combination for further growth
The combination of Weidmüller and R. STAHL would represent a combination of forces between two successful, family-owned companies. Together, both companies could continue to play a decisive role in shaping future industrial trends. Their established product portfolios in the process and energy technology form a perfect fit. Both companies would further become even more independent of business cycles.
Weidmüller and R. STAHL offer excellent products in different industrial areas. Weidmüller is already a strong supplier and partner for mechanical and plant engineering, in the process industry, in the area energy and energy distribution, in the transportation technology and equipment manufacturers industry. R. STAHL is a globally leading supplier of products and systems in the process industry. Together, Weidmüller and R. STAHL can efficiently develop, produce and distribute both systems solutions and components, and expand into further countries. Weidmüller generated revenues of EUR 640.3 million in fiscal year 2013. R. STAHL reported preliminary revenues of EUR 304.4 million in 2013. Dr Peter Köhler, Chief Executive Officer of Weidmüller, said: "The combination with R. STAHL would be an important step to offer a broader product range to
our respective customers, thereby allowing us to position ourselves even better in the face of international competition. Such international competition is particularly characterised by enormous worldwide demand in the automation and industrial production area. Company size is of crucial importance in this environment. Together, we will be able to offer better solutions to our customers at competitive prices."
Both companies' growth targets would be underpinned
The industrial logic of the combination would help both companies to reach their growth targets. R. STAHL can also expand into other industries, such as the energy sector. Its German site at Waldenburg would continue to be the headquarters for managing the process industry businesses. R. STAHL should continue its successful development under its established brand as in the past. The combination would also create the basis for further growth for Weidmüller at its Detmold site. With R. STAHL, Weidmüller is pushing ahead its objective of developing itself from a components manufacturer into a solutions provider in all of its business areas. This entails a focus on comprehensive connection systems and connectivity solutions. Weidmüller and R. STAHL have successfully developed as family-owned companies. Both companies have anchored comparable values within their corporate cultures: sustainable corporate management, clear Management guidelines, social responsibility, and a high commitment. These central values will form the basis for joint and long-term success.
Compared with the stock market price of the share on the day before the announcement of the takeover offer, the offer price of EUR 47.50 represents a premium of 47.9 percent. Weidmüller will submit the offer document to the Federal FinancialSupervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) for approval. Once approved, the offer document will be made available at www.weidmueller-angebot.de.
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