euro adhoc: Mergers - Acquisitions - Takeovers / PALFINGER AG - Acquisition in North America

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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Global Expansion

25.09.2008

PALFINGER strengthens North America business through its acquisition
of Omaha Standard

o 100-percent takeover of one of the top three suppliers of truck
bodies and pick-up tail lifts in the US o Local enhancement of
the value creation through local development, purchasing,
manufacturing, and assembly o Support of future growth in the US

PALFINGER announces the 100-percent takeover of Omaha Standard Inc.,
one of the leading producers of truck bodies and pick-up tail lifts
in the US. With this step the PALFINGER Group makes use of current
market opportunities in order to strengthen its market position in
North America in the longer term.

Omaha Standard is a US family-run business with a long tradition of
producing and selling a wide range of truck bodies especially for
the domestic market. The two main products are service bodies and
pick-up tail lifts, placing Omaha Standard among the top three
players on the US market. The company has an excellent
workforce as well as a state-of-the-art manufacturing and
assembly plant with a KTL painting facility in Council Bluffs, Iowa,
in addition to nine body workshops and/or dealers in the US.
Moreover, its products are sold and serviced via a distribution
network comprised of approximately 400 centres.

With a workforce of 450 the company generates annual revenues of
approximately EUR 55 million. The North American share in the total
revenues generated by the PALFINGER Group will be doubled by Omaha
Standard and for the first time exceed the ten-percent mark. The
manufacturing site and the US specific product series will further
support PALFINGER's future growth in this market. Thanks to local
purchasing, manufacturing, and assembly, PALFINGER will intensify
its value creation in the US, thereby further increasing natural
hedging.

end of announcement euro adhoc
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ots Originaltext: Palfinger Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Hannes Roither, PALFINGER AG

Company spokesperson

Phone +43 662 46 84-2260

mailto: h.roither@palfinger.com

Anton Graf

Investor Relations

Phone +43 662 46 84-2275

mailto: a.graf@palfinger.com

www.palfinger.com

Branche: Machine Manufacturing
ISIN: AT0000758305
WKN: 919964
Index: ATX Prime, ATX
Börsen: Wiener Börse AG / official market