DGAP-News: Krones AG: Krones transfers its valve technology business to new subsidiary, EVOGUARD GmbH

DGAP-News: Krones AG: Krones transfers its valve technology business to new 
subsidiary, EVOGUARD GmbH

DGAP-News: Krones AG / Key word(s): Strategic Company Decision
Krones AG: Krones transfers its valve technology business to new
subsidiary, EVOGUARD GmbH

09.01.2014 / 07:49

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Corporate News Release

09.01.2014

Krones transfers its valve technology business to new subsidiary, EVOGUARD
GmbH

Krones, the world's market leader for beverage filling and packaging
technology, has founded Evoguard GmbH to operate its valve technology
business on a stand-alone basis. Evoguard GmbH is located in Nittenau,
Germany, and is owned 100% by Krones AG. The company started its business
operations in Nittenau at the beginning of January 2014.

Krones began to develop its own series of innovative valves that are
optimally matched to the needs of the food and beverage industry as well as
the dairy sector under the name of Evoguard several years ago. Thanks to
long years of experience in valve development and an extensive knowledge of
its customers' requirements, Krones is now able to offer a complete,
cutting-edge product range that is not only an attractive proposition for
the food, beverage and dairy industries but also ideally suited for the
pharmaceutical and biotech sectors.

In order to accelerate sales growth in sectors outside the food and
beverage industry, Krones has spun off its valve technology operations from
its core business into a stand-alone unit. As an independent and autonomous
company, Evoguard GmbH is benefiting from a favourable cost structure, high
flexibility, and the efficient decision-making of a streamlined management
structure.

Evoguard valves are produced in Nittenau, where the 4,000m2 production and
administration building houses the R&D, design, sales and assembly
operations. In the years ahead, Evoguard will provide reliable components
and quality 'Made in Germany' to modern production facilities of existing
and new customers and achieve profitable growth.

Contact:
Olaf Scholz
Senior Vice President of Investor Relations Krones AG
Phone +49 9401 70-1169
E-mail olaf.scholz@krones.com


End of Corporate News

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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:      Regulierter Markt in Frankfurt (Prime Standard), München;  
             Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart      
 
 
End of News    DGAP News-Service  
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247353 09.01.2014                                                      
 
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