EANS-News: MAG IAS GmbH / Fives to take over MAG Americas

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Company Information/Mergers - Acquisitions - Takeovers

Göppingen (euro adhoc) - Fives to take over MAG Americas

* MAG Americas and Forest-Liné Group acquired by Fives, a French
engineering group * MAG Europe to sell its shares of Forest-Liné
(62%) to Fives

Göppingen, March 8, 2013 -The shareholders of MAG IAS LLC ("MAG
Americas") have entered into an agreement with Fives, a French
engineering group with a global presence, to sell MAG IAS LLC
including its 38% ownership stake in the French aerospace machine
tool manufacturer Forest-Liné. In parallel, MAG Europe GmbH ("MAG
Europe") has entered into an agreement to sell its 62% ownership
stake in Forest-Liné to Fives. The transactions are subject to
customary closing conditions and regulatory approvals. The parties
have agreed not to disclose any information about the purchase price.

With the sale of its Forest-Liné shares, MAG Europe continues its
restructuring program focusing on its core competencies as automotive
and industrial equipment solutions provider. MAG Europe will use the
sales proceeds of the Forest-Liné deal to pay back a loan to its MAG
IAS GmbH subsidiary as soon as the deal will be closed. MAG IAS GmbH
will in turn use the money as additional cash collateral to the
financing banks.

The automotive activities of MAG IAS LLC as well as the subsidiary in
India are not part of the contemplated sale and will remain with the
MAG group, in order to maintain the global automotive activities
under the MAG brand.

About MAG IAS GmbH (ISIN DE000A1H3EY2) MAG IAS GmbH, based in
Göppingen, Germany is part of a leading global machine tool and
systems group. Based on a long-standing manufacturing technology
tradition, the company now has more than 1600 employees at five
manufacturing plants in Germany.

About MAG Europe GmbH The holding company MAG Europe GmbH comprises
leading machine tool and systems companies with locations in Germany,
China, Hungary, Korea, Switzerland, and Russia. The group has been
formed in 2005, based on a strong foundation of renowned brands such
as Boehringer, Cross Hüller, Ex-Cell-O, FMS, Hessapp, Honsberg,
Hüller Hille, Modul and Witzig & Frank. Key industrial markets served
include automotive and truck, industrial equipment, heavy equipment,
oil & gas, rail, aerospace, and wind turbine production. With
manufacturing and support operations strategically located worldwide,
MAG offers comprehensive lines of equipment and technologies
including turning, milling, hobbing, honing, systems integration,
composites processing, maintenance, automation, and core components.

Please forward a copy of any reprint

Further inquiry note:
Herr Joachim Jäckl
Corporate Communications Manager
Tel.: +49 7161 201 4083
E-Mail: joachim.jaeckl@mag-ias.com

end of announcement euro adhoc
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company: MAG IAS GmbH
Stuttgarter Straße 50
D-73033 Göppingen
phone: +49 7161201-0
mail: ir@mag-ias.com
WWW: http://www.mag-bond.de
sector: Machine Manufacturing
ISIN: DE000A1H3EY2
indexes:
stockmarkets: free trade: Hannover, Berlin, Hamburg, free trade/Bondm: Stuttgart,
Open Market: Frankfurt
language: English