Notice of Stock Acquisition of Demag Ergotech GmbH and Van Dorn Demag Corporation
March 04, 2008
Please be informed that the deliveries of the stocks of Demag Ergotech GmbH and that of Van Dorn Demag Corporation were completed on 3rd march, 2008.
1. Overview of the Target Company
(1) Demag Ergotech GmbH
1- Company Name: Demag Ergotech GmbH
2- Representative: Dr. Klaus F. Erkes
3- Head Office: Altdorfer Strasse 15, 90571 Schwaig, Germany
4- Incorporation: 1922
5- Business Description: Manufacture / Sales of injection molding machinery
6- Fiscal Year End: September 30
7- Numeber of Employees: 1,331
8- Capital Amount: 13,300 thousand Euro
9- Total Number of Issued Shares: 1 share
10- Major Shareholders and Percentage of Shareholding: KraussMaffei Financial Services GmbH 100%
11- Financial Results:
(thousand Euros / numbers in brakets are in milloin JPY)
September 2006 | September 2007 | |
| Revenue | 188,191 (30,111) | 190,699 (30,512) |
| Gross profit | 42,315 (6,770) | 43,359 (6,937) |
| Operating income | 4,398 (704) | 4,300 (688) |
| Total assets | 116,678 (18,668) | 126,534 (20,245) |
| Net assets | 28,635 (4,582) | 36,308 (5,809) |
(2) Van Dorn Demag Corporation
1- Company Name: Van Dorn Demag Corporation
2- Representative: William Thornton
3- Head Office: 11792 Alameda, Strongsville, Ohio, U.S.A.
4- Incorporation: 1872
5- Business Description: Sales / Service of injection molding machinery
6- Fiscal Year End: September 30
7- Number of Employees: 77
8- Capital Amount: 1,000USD
9- Total Number of Issued Shares: 1,000 shares
10- Major Shareholders and Percentage of Shareholding: MPM US HoldCo Inc. 100%
11- Financial Results:
(thousand Euros / numbers in brakets are in milloinJPY)
September 2006 | September 2007 | |
| Revenue | 72,740 (11,638) | 45,542 (7,287) |
| Gross profit | 12,750 (2,040) | 982 (157) |
| Operating income |  3,747 ( 600) | 6,467 ( 1,035) |
| Total assets | 44,887 (7,182) | 13,545 (2,167) |
| Net assets | 5,341 (855) | 4,090 ( 654) |
Note: KraussMaffei Financial Services GmbH, a European holding company and a majority shareholder of Demag is a subsidiary of MPM Holdings LLC. MPM US HoldCo Inc., a US holding company and a majority shareholder of Van Dorn is also a subsidiary of MPM Holdings LLC. (Please see attached the organization chart)
2. Seller of the Stocks
(1) Stocks of Demag Ergotech GmbH
1- Company Name: KraussMaffei Financial Services GmbH
2- Representative: Dr. Dietmar Straub
3- Head Office: Krauss-Maffei- Strasse 2, 80997 Munich, Germany
4- SHI's relationship with the concerned parties: None
(2) Stocks of Van Dorn Demag Corporation
1- Company Name: MPM US HoldCo Inc.
2- Representative: Peter Sassenfeld
3- Head Office: 1209 Orange Street, Wilmington, Newcastle Country, Delaware, U.S.A.
4- SHI's relationship with the concerned parties: None
3. Acquired number of shares and shareholding ratio before and after the transaction:
(1) Shareholding (ratio) before
- Demag Ergotech GmbH 0 shares
(Shareholding ratio 0%, Total number of voting rights 0)
- Van Dorn Demag Corporation 0 shares
(Shareholding ratio 0%, Total number of voting rights 0)
(2) Acquired number of voting rights
- Demag Ergotech GmbH 1 share
(Shareholding ratio 100%, Total number of voting rights 1)
- Van Dorn Demag Corporation 1,000 shares
(Shareholding ratio 100%, Total number of voting rights 1,000)
(3) Shareholding (ratio) after
- Demag Ergotech GmbH 1 share
(Shareholding ratio 100%, Total number of voting rights 1)
- Van Dorn Demag Corporation 1,000 shares
(Shareholding ratio 100%, Total number of voting rights 1,000)
(4) Acquisition price
(thousand Euros / numbers in brakets are in milloinJPY)
| Demag Ergotech GmbH | 73,258 (11,721) |
| Van Dorn Demag Corporation | 4,300 (688) |
Total | 77,558 (12,409) |