10.03.2015
Drägerwerk AG & Co. KGaA DE0005550602
DGAP-Adhoc: Drägerwerk AG & Co. KGaA: Dräger acquires Norwegian company GasSecure
Drägerwerk AG & Co. KGaA / Key word(s): Acquisition/Acquisition
10.03.2015 14:34
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Dräger acquires Norwegian company GasSecure
Dräger has signed a contract through Dräger Holding International GmbH, a
subsidiary of Drägerwerk AG & Co. KGaA, agreeing to the purchase of a 100
percent stake in GasSecure AS, Oslo, Norway. Until now, the shares to be
purchased have been held by venture capital companies and company
employees. GasSecure, which was founded in 2008, had a staff of ten
employees as of the end of 2014. The parties have agreed to a purchase
price of between EUR 55 - 60 million.
GasSecure has a truly wireless optical gas sensor for hydrocarbons and
holds the corresponding intellectual property rights. The company also has
a market-ready product for the oil and gas industry based on this
technology. The advantage of a truly wireless solution is that it
significantly reduces the time and effort necessary for engineering
installation. Existing wireless solutions for measuring hydrocarbons have
been limited to wireless data transfer and have still required a
conventional power supply connected with wires due to the relatively high
energy consumption of optical sensors. GasSecure's system can be used for
more than one year without exchanging batteries.
The purchase expands Dräger's portfolio to include a key technology with a
promising future and strengthens the company's strategic position in the
oil and gas and chemical industries.
Contact:
Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
23558 Lübeck, Deutschland
www.draeger.com
Corporate Communications:
Melanie Kamann
Tel. +49 451 882-3998
[email protected]
Investor Relations:
Thomas Fischler
Tel. +49 451 882-2685
[email protected]
10.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Drägerwerk AG & Co. KGaA
Moislinger Allee 53-55
23542 Lübeck
Germany
Phone: +49 (0)451 882-0
Fax: +49 (0)451 882-2080
E-mail: [email protected]
Internet: www.draeger.com
ISIN: DE0005550602, DE 000 555 063 6, DE 000 555 065 1, DE 000 555
067 7, DE 000 555 071 9
WKN: 555060, 555063 Vorzüge, 555065 Genussschein A, 555067 Genussschein K, 555071 Genussschein D
Indices: TecDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich; Regulated Unofficial
Market in Stuttgart
End of Announcement DGAP News-Service
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