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Dürr Group reviews strategic options for the environmental technology business and combines painting and final assembly technology in the new Automotive division

Dürr Aktiengesellschaft / Key word(s): Strategic Company Decision
Dürr Group reviews strategic options for the environmental technology business and combines painting and final assembly technology in the new Automotive division

04-Jun-2024 / 12:47 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Dürr Group reviews strategic options for the environmental technology business and combines painting and final assembly technology in the new Automotive division

 

Dürr AG – WKN 556520 / ISIN DE0005565204

 

Bietigheim-Bissingen, June 04, 2024 — Today, the Board of Management of Dürr AG informed the Supervisory Board that it is reviewing strategic options for the air pollution control technology and noise abatement systems business units, part of the Clean Technology Systems (CTS) division, including a sale. These activities generated sales of around €430 million in 2023. No strategic options are being reviewed for the battery production technology business allocated to CTS.

 

Furthermore, the Board of Management has decided to bundle all activities of the Paint and Final Assembly Systems and Application Technology divisions and merge them into the new Automotive division in order to further strengthen competitiveness and systems expertise. The activities, which most recently generated sales of around €2 billion, will be managed under the new division from the beginning of 2025.

 

Dürr AG's Board of Management confirms the targets for the current fiscal year and the mid-cycle targets.

 

The battery production technology business currently located at CTS will become part of the Industrial Automation Systems division, which will be renamed Industrial Automation. There will be no changes to the Woodworking Machinery and Systems division, which will simply be renamed Woodworking.

 

 

Contact:  

Dürr AG 

Andreas Schaller / Mathias Christen 

Corporate Communications & Investor Relations 

Phone +49 7142 78-1785 / -1381 

Fax +49 7142 78-1716  

E-Mail corpcom@durr.com 

 



End of Inside Information

04-Jun-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

Language:English
Company:Dürr Aktiengesellschaft
Carl-Benz-Str. 34
74321 Bietigheim-Bissingen
Germany
Phone:07142 78-0
Fax:07142 78-1716
E-mail:corpcom@durr.com
Internet:www.durr-group.com
ISIN:DE0005565204
WKN:556520
Indices:SDAX
Listed:Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Tradegate Exchange
EQS News ID:1917695


 
End of AnnouncementEQS News Service

 

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