DGAP-Ad hoc: KRONES AG

DGAP-Adhoc: KRONES AG: Krones acquires a leading supplier in the intralogistics for beverage market

Krones AG / Key word(s): Investment

31.03.2016 16:42

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Ad-hoc disclosure pursuant to Section 15 of the German Securities Trading Act [WpHG]

31 March 2016

Krones acquires a leading supplier in the intralogistics for beverage market

Krones, leading manufacturer of filling and packaging technology, has purchased 60 % of the shares in System Logistics S.p.A. The company is based in Fiorano, in Northern Italy, and is a leading, international supplier of innovative solutions for intralogistics, material flow technology, and warehousing. A majority of the customers come from the food and beverage industries. In 2015, the company achieved a turnover of around 100 million euros, with a workforce of more than 250 employees.

The shares are being sold by the Italian family-owned company System Group. Krones is financing the acquisition with existing liquid funds.

By acquiring a majority holding in System Logistics, Krones is enhancing its competences in the field of intralogistics, particularly in terms of automated order-picking systems, and is taking a major step forward in covering the important material and data flows along the entire value creation chain of our customers.

System Logistics will be part of "Machines and Lines for beverage production/Process Technology" Segment.

The transaction is subject to approval under the relevant antitrust legislation.

Contact: Olaf Scholz Head of Investor Relations, KRONES AG Phone: +49 9401 70-1169 E-mail: olaf.scholz@krones.com

31.03.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Krones AG Böhmerwaldstraße 5 93073 Neutraubling Germany Phone: +49 (0)9401 701169 Fax: +49 (0)9401 709 1 1169 E-mail: investor-relations@krones.com Internet: www.krones.com ISIN: DE0006335003 WKN: 633500 Indices: MDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart; Terminbörse EUREX End of Announcement DGAP News-Service ---------------------------------------------------------------------------