EANS-News: BAUER acquires majority of Site Group for Services and Well Drilling Ltd. Co. ("SITE Group")

. Support of the BAUER Resources segment
. Expansion of business
activities in the field of deep drilling technology for deep well-
and exploration drilling
. Acquisition of 60 percent of the Jordan
market leader for exploration and
well drilling

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

merger, acquisition and takeover

Schrobenhausen (euro adhoc) - BAUER Aktiengesellschaft has come to a
definite agreement with the general owner of Site Group for Services
and Well Drilling Ltd. Co. ("SITE Group"), Rami Wahdan Oweis, to
acquire 60 percent of SITE Group's shares.

SITE Group operates high-capacity deep drilling rigs for the oil-and
gas industry, for well drilling and for the exploration of mineral
deposits. The medium-sized company, based in Amman, Jordan, takes in
a good position in the Middle East market and is very successful in
the neighbouring regions.

Therefore, Bauer strengthens the business division Resources as a
competence centre for the whole deep drilling sector. For the future,
Bauer will have considerable synergy potentials in the whole group
which will be represented by both, the new deep drilling rigs TBA 300
and TBA 200 which are built by the BAUER Equipment segment, and the
high-capacity well drilling rigs of PRAKLA Bohrtechnik GmbH.

Thomas Bauer, Chairman of the board of the BAUER Group, says: "Taking
over SITE Group, we will extend our service range in the field of
deep drilling technology and water wells. SITE Group shows long
lasting customer relations in the Jordan water industry. Furthermore,
SITE Group has gained experience in drilling for oil and gas over
many years and has many worthy contacts to nearly all world leading
companies in the oil and gas sector. This strong market position will
relieve the market development for us as this will partly be a new
field of activity."

The profitable Jordan based group of companies achieved an annual
turnover of around EUR 20 million with about 190 employees in the
past financial year. SITE Group as well as its subsidiaries and
branches are represented in Palestine and in Yemen.

The parties agreed to keep contract details as well as the purchase
price confidential.

About Bauer

Bauer is a provider of services, machinery and ancillary products in
the earth- working and ground-water fields. The Group markets its
products and services all over the world. Its global spread allows it
to remain largely unaffected by fluctuating business cycles.

The operations of the Group are divided into three segments:
Construction, Equipment and Resources. The Construction segment
carries out specialist foundation engineering work all over the
world, developing foundation and excavation projects as well as
providing related construction services. In its Equipment segment, in
which it is the world market leader, Bauer offers an extensive range
of machinery, equipment and tools for specialist foundation
engineering. The Resources segment encompasses the Group's operations
in the exploitation of raw materials, in environmental technology, in
geothermal drilling operations and also in equipment for wells
(including pumps and drills, screens and casings).

Bauer profits greatly from the collaboration between its three
separate segments, enabling the Group to position itself as an
innovative, highly specialized provider of complete solutions and
services for demanding projects on the specialist foundation
engineering and related markets.

Founded in 1790, Bauer today generates more than two thirds of its
total revenues outside of Germany. Employing some 8,600 people, the
Group's total revenues in 2008 were EUR 1.53 billion (previous year:
EUR 1.2 billion). BAUER Aktiengesellschaft has been listed on the
official market of the Frankfurt Stock Exchange since July 4, 2006
(Prime Standard, ISIN DE0005168108).

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: BAUER Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Bettina Mestenhauser

Head of Investor Relations

Telefon: +49(0)8252 97 1918

E-Mail: investor.relations@bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: SDAX, CDAX, Classic All Share, Prime All Share
Börsen: Börse Frankfurt / regulated dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade