ERIKS sells an important part of its activities in France
FromExecutive board ERIKS group nv
Telephone+31 72 54 75 888
Date23 December 2008
SubjectERIKS SELLS AN IMPORTANT PART OF ITS ACTIVITIES IN FRANCE
On 22 December 2008 ERIKS group has reached an agreement on the sale of Baudoux Industrie sas to MB Industrie, based in Bourg-en-Bresse, France.The activities of Baudoux comprise the marketing and sales of a range of mechanical engineering components especially in the product groups power transmission and tools. In 2008 the company will achieve a turnover of € 7,75 million in its five branches in North-west France with 47 employees. The divested activities did not contribute to the operational results for the last two years. On the sale of the company a book loss was realised, which has been provided for in the results for the 9 months of this year.
We expect Baudoux will have a brighter future as part of MB Industrie. On 1 January 2009 the transfer of the shares to MB Industrie is expected to take place.