Bauer acquires German Water and Energy GmbH ("GWE"), expanding its business in well engineering, water and geothermal energy

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merger, acquisition and takeover

Schrobenhausen (euro adhoc) - Schrobenhausen, April 20, 2007 - BAUER
Aktiengesellschaft has come to a definitive agreement with the
proprietor of German Water and Energy GmbH ("GWE"), Gerd Max Nelke,
to purchase all the shares in all the subsidiaries of the GWE Group.

GWE operates mainly in the development, manufacture and sale of
high-quality products for water exploration, exploitation,
transportation and distribution. The focus of the Group's activities
is in the field of well engineering products, including screens,
pipes and casing, as well as in pumps and drilling technique. In
addition pumpenboese, a company of the GWE Group, manufactures
high-quality products made from HDPE for the use of geothermal
energy.

As a result of this acquisition, Bauer is well on the way to
achieving a leading position in the emerging resources sector,
complementing its existing core construction and equipment
manufacturing business. GWE's 40 percent holding in PRAKLA
Bohrtechnik GmbH, a well and exploration engineering specialist, will
also be transferred to the BAUER Group, which as a result will hold
100 percent of that company's shares.

Thomas Bauer, Chairman of the Management Board of Bauer
Aktiengesellschaft, says: "Acquiring the GWE Group represented an
outstanding opportunity for us. It will further expand our product
range in water exploitation and distribution, and will enable us to
profit from new high-level expertise in the field within the Group.
We will utilize our global network to substantially expand our
international market presence in what is to some extent a new
business for us, providing us with an even broader based foundation
to meet the challenges of the future. We are also very pleased to be
acquiring a team of some 300 highly qualified staff, representing a
major competitive edge in terms of building further on the success of
our business operations."

The profitable group of companies, based in Peine, generated sales of
just under EUR 52 million in the past financial year (without the 40
percent holding in PRAKLA Bohrtechnik GmbH) and, with its outstanding
brand names such as Hagusta, SBF and pumpenboese, operates from four
locations in Germany as well as with Pol-Bud and PESA from further
locations in Poland and Spain.

It was agreed that no details of the contract or the purchase price
would be disclosed.

About Bauer Bauer is a global provider of specialist foundation
engineering and related services as well as a leading international
vendor of specialist foundation engineering machinery, equipment and
tools and related services.

The Group's operations are managed in two segments: Construction and
Equipment. The Construction segment provides specialist foundation
engineering services and also operates in the related fields of
environmental technology, structure remediation, bridge-building and
project development. In its Equipment segment, Bauer offers an
extensive range of machinery, equipment and tools for specialist
foundation engineering. The Group markets its products and services
worldwide, through local sales companies and project management
networks. The BAUER Group profits from the collaboration between its
two segments. This means Bauer is able to offer innovative and highly
specialized complete solutions for specialist foundation engineering
projects, providing all the necessary services and specialist
equipment.

Founded over 200 years ago, the BAUER Group today generates over two
thirds of its total revenues outside of Germany. Employing over 5,000
people, the Group's total revenues were EUR 824 million (previous
year: EUR 664 million) in 2005.

end of announcement euro adhoc 20.04.2007 12:40:34
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ots Originaltext: Bauer AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Bettina Mestenhauser
Head of Corporate Communication & Investor Relations
Tel: +49(0)8252 97 1918
E-Mail: bettina.mestenhauser@bauer.de

Branche: Construction & Property
ISIN: DE0005168108
WKN: 516810
Index: CDAX, Classic All Share, Prime All Share, SDAX
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