EANS-Information of Significance: Binder+Co Aktiengesellschaft / Binder+Co takes over Italian mechanical engineering company

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12.07.2011

Gleisdorf, July 12, 2011. The internationally successful Binder+Co AG
is on an expansion course. Yesterday, the contracts were signed for
the takeover of the Comec mechanical engineering company, which is
located near Treviso in northern Italy. Comec is active in the raw
material processing area and will complement the Binder+Co portfolio
with products for the important crushing process.

Karl Grabner from the Binder+Co Management Board is understandably
pleased by this acquisition: “The inclusion in the Binder Group of
Comec-Binder S.r.l., to use the company’s future name, illustrates
our simultaneous pursuit of two important, strategic objectives.
Firstly, the enlargement of our portfolio through in-house products
in the crushing technology field and secondly, the expansion of our
access to European markets via a new sales network throughout Italy
and the entire Mediterranean region.”

Comec, which is located near Treviso in northern Italy, is to be subsequently
expanded to form a competence centre for crushing technology. The classic areas
of application in this connection consist primarily of the branches served by
Binder’s Processing Technology Segment (construction and construction subsupply
industries, mining, industrial minerals). However, this processing phase may
well prove of interest in another Binder+Co segment, Environmental Technology,
for activities such as the recycling of glass and obsolete electrical
appliances. Whatever the case, this acquisition allows Binder+Co to immediately
offer complete plants of a more comprehensive nature.

With the new location, Binder+Co has simultaneously obtained a strategically
important service point for the Italian glass recycling industry, which to date
has been served from Gleisdorf. At the same time, the company has obtained
greater proximity to major international companies such as Italcementi and the
engineering companies Paul Wurth and Maire Tecnimont.

Comec, which was founded in 1964, not only serves its domestic market, but also
the entire Mediterranean region. Up to now, the company’s branch focus was on
the stone, minerals and cement industry and in addition wastewater treatment
plants were supplied to the municipal area.

Comec-Binder S.r.l. sales revenues are to be increased from the EUR
10 million average of the last two years to the EUR 20 million
achieved in 2008. Confidentiality has been agreed regarding the
purchase price. By means of this acquisition and further expansion
measures, Binder+Co has the medium-term objective of raising its
consolidated sales revenues from their current level of EUR 63.25
million to over EUR 100 million.

The Binder+Co Group Binder+Co AG is a specialist in the field of
processing, environmental and packaging technology and the world
market leader in the screening and glass recycling segments. The
company was listed on the Vienna Stock Exchange at the end of 2006
and is now part of the third market in the mid market segment. In
2010, Binder+Co was honoured with the Austrian National Innovation
Prize for its development of the world’s first industrially mature
system for the sorting of heat-resistant, special glass from cullet.

Further inquiry note:
Karl Grabner, Member of the Management Board
Phone: +43/3112/800-363

end of announcement euro adhoc
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issuer: Binder+Co Aktiengesellschaft
Grazerstraße 19-25
A-8200 Gleisdorf
phone: +43 3112 800-363
FAX: +43 3112 800-320
mail: karl.grabner@binder-co.at
WWW: www.binder-co.com
sector: Machine Manufacturing
ISIN: AT000BINDER3
indexes: mid market
stockmarkets: Third Market: Wien
language: English