DGAP-News: OHB AG / Key word(s): Merger OHB AG: OHB planning to merge OHB System AG and Erwin Kayser-Threde GmbH 19.05.2014 / 13:59 --------------------------------------------------------------------- OHB AG (Prime Standard, ISIN: DE0005936124) will be pooling the skills and capacities of its subsidiaries OHB System AG and Erwin Kayser-Threde GmbH with the aim of additionally strengthening OHB as a leading German space technology group in the European market. OHB System AG (Bremen) and Erwin Kayser-Threde GmbH (Munich) already work jointly on major projects such as the MTG weather satellites and the EnMAP environmental satellite. There is already a structured allocation of tasks reflecting the two companies' individual strengths. The possibility of merging the two companies is currently being explored in detail in order to additionally strengthen the joint activities and to address future challenges in operating activities more effectively. These preparations are to be completed by the end of August 2014. The merger will result in a system company for satellites and payloads in Germany capable of assuming a new role in the European market on account of its scale. OHB customers in particular will benefit from the heightened efficiency and competitiveness. The transaction will be a merger of equals with key management functions and sustained recruitment and personnel development activities based at both sites. One aspect of the realignment of OHB's German satellite and payload business entails the combination of Erwin Kayser-Threde GmbH's two present facilities in Munich in new premises tailored to future requirements. For this reason, a new building is currently being constructed in the direct vicinity of the DLR Space Center in Oberpfaffenhofen near Munich. These new premises will accommodate technical facilities allowing OHB to assume responsibility for new and challenging projects. With a total budget of over EUR 30 million, the construction project has reached the shell phase and is scheduled for completion in mid 2015. Contact: Investor Relations Martina Lilienthal Tel.: +49 421 - 2020-720 Fax: +49 421 - 2020-613 E-Mail: martina.lilienthal@ohb.de Corporate Communications Martin Stade Tel.: +49 421 - 2020-620 Fax: +49 421 - 2020-9898 E-Mail: martin.stade@ohb.de End of Corporate News --------------------------------------------------------------------- 19.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's 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: OHB AG Karl-Ferdinand-Braun-Str. 8 28359 Bremen Germany Phone: +49 (0)421 2020 8 Fax: +49 (0)421 2020 613 E-mail: ir@ohb.de Internet: www.ohb.de ISIN: DE0005936124 WKN: 593612 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 269270 19.05.2014
DGAP-News: OHB AG: OHB planning to merge OHB System AG and
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