DGAP-News: Krones AG / Key word(s): Strategic Company Decision Krones AG: Krones transfers its valve technology business to new subsidiary, EVOGUARD GmbH 09.01.2014 / 07:49 --------------------------------------------------------------------- Corporate News Release 09.01.2014 Krones transfers its valve technology business to new subsidiary, EVOGUARD GmbH Krones, the world's market leader for beverage filling and packaging technology, has founded Evoguard GmbH to operate its valve technology business on a stand-alone basis. Evoguard GmbH is located in Nittenau, Germany, and is owned 100% by Krones AG. The company started its business operations in Nittenau at the beginning of January 2014. Krones began to develop its own series of innovative valves that are optimally matched to the needs of the food and beverage industry as well as the dairy sector under the name of Evoguard several years ago. Thanks to long years of experience in valve development and an extensive knowledge of its customers' requirements, Krones is now able to offer a complete, cutting-edge product range that is not only an attractive proposition for the food, beverage and dairy industries but also ideally suited for the pharmaceutical and biotech sectors. In order to accelerate sales growth in sectors outside the food and beverage industry, Krones has spun off its valve technology operations from its core business into a stand-alone unit. As an independent and autonomous company, Evoguard GmbH is benefiting from a favourable cost structure, high flexibility, and the efficient decision-making of a streamlined management structure. Evoguard valves are produced in Nittenau, where the 4,000m2 production and administration building houses the R&D, design, sales and assembly operations. In the years ahead, Evoguard will provide reliable components and quality 'Made in Germany' to modern production facilities of existing and new customers and achieve profitable growth. Contact: Olaf Scholz Senior Vice President of Investor Relations Krones AG Phone +49 9401 70-1169 E-mail [email protected] End of Corporate News --------------------------------------------------------------------- 09.01.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Krones AG Böhmerwaldstraße 5 93073 Neutraubling Germany Phone: +49 (0)9401 701169 Fax: +49 (0)9401 709 1 1169 E-mail: [email protected] Internet: www.krones.com ISIN: DE0006335003 WKN: 633500 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 247353 09.01.2014