EANS-Adhoc: Kardex AG acquires Scandinavian Element Storage Systems AS

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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16.04.2009

Kardex AG has signed an asset purchase agreement to acquire the
activities aligned to Kardex and Stow products of Scandinavian
distributor Element Storage Systems AS. Element Storage Systems AS
based in Kløfta near Oslo achieved sales of approximately EUR 11
million with Kardex and Stow products in the 2008 financial year and
has a workforce in this field of activity of around 20 people. The
transaction will be completed on May 6, 2009 subject to the approval
of the Norwegian competition authority. The purchase price will not
be disclosed.

Element Storage Systems AS is one of the leading suppliers of
computer-controlled, automatic Kardex storage, supply and
distribution systems in the Scandinavian market and it markets the
static storage systems of the Stow division in Scandinavia under the
brand 'Arkiv & Lager'.

Under the planned transaction, Kardex AG will strengthen its present
distribution company Kardex Scandinavia AB with a sales organisation
on the Scandinavian market focused on Kardex and Stow products.

Agenda
April 21, 2009 General Meeting of Shareholders

Kardex Remstar International Group Australia, Austria, Belgium,
China, Cyprus, Czech Republic, Finland, France, Germany, Great
Britain, Hungary, India, Ireland, Italy, Malaysia, Netherlands,
Norway, Poland, Portugal, Russia, Singapore, Slovakia, Spain, Sweden,
Switzerland, Turkey, US.

Disclaimer This communication contains statements that constitute
"forward-looking statements". In this communication, such
forward-looking statements include, without limitation, statements
relating to our financial condition, results of operations and
business and certain of our strategic plans and objectives. Because
these forward-looking statements are subject to risks and
uncertainties, actual future results may differ materially from those
expressed in or implied by the statements. Many of these risks and
uncertainties relate to factors which are beyond Kardex´s ability to
control or estimate precisely, such as future market conditions,
currency fluctuations, the behavior of other market participants, the
actions of governmental regulators and other risk factors detailed in
Kardex´s past and future filings and reports and in past and future
filings, press releases, reports and other information posted on
Kardex Group companies´ websites. Readers are cautioned not to put
undue reliance on forward-looking statements, which speak only of the
date of this communication. Kardex disclaims any intention or
obligation to update and revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

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

Further inquiry note:

Jos De Vuyst, Chief Executive Officer

jos.devuyst@kri-group.com

Tel. +41 (0) 44 386 44 15

Gerhard Mahrle, Chief Financial Officer

gerhard.mahrle@kri-group.com

Branche: Heavy Engineering
ISIN: CH0018263415
WKN: 1826341
Index: SPI, SPIEX, SSCI
Börsen: SWX Swiss Exchange / regulated dealing