EANS-News: Lenzing AG Sells Three Business Units of Lenzing Technik

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Company Information

Within the context of the deconsolidation process launched in 2013
and the comprehensive restructuring of its technical operations
already announced in 2014, Lenzing AG is continuing its strategy of
more strongly focusing on its core business of producing man-made
cellulose fibers, and is selling three business units of Lenzing
Technik.

All the buyers plan to maintain business operations at the Lenzing
site. Due to the expertise in their respective industries, this
represents an opportunity for the business units and their employees
to leverage synergies and be able to profitably grow in the future.

- The Mechatronics business area (incl. Leno GmbH, Schörfling) will
be acquired by the Austrian company Melecs, an internationally active
switchgear and electronics firm.

- The Automation/Robotics unit will be sold to cts GmbH
(Germany/Austria). The company is internationally active in the
fields of energy technology, robotics and automation technology.

- The Sheet Metal business operations are to be sold to the Upper
Austrian company GER4TECH (Spießberger GmbH, HMS Mechatronik GmbH).
He will sign a sales agreement for the business unit Lenzing
Blechtechnik, with the objective, subject to customary obligations,
of deconsolidating it as at September 30, 2015.

"The entire staff will be retained in all three cases. The business
units will continue to be operated under a new ownership structure. I
am certain that these business units will have a good future with
their new owners boasting relevant know-how in the respective
industries. For its part, the divestment will enable Lenzing to focus
even more on its core business of producing fibers", says Thomas
Riegler, Chief Financial Officer of Lenzing AG, commenting on the
transaction.

Further inquiry note:
Lenzing AG
Mag. Angelika Guldt
Tel.: +43 (0) 7672-701-2713
Fax: +43 (0) 7672-918-2713
mailto:a.guldt@lenzing.com

end of announcement euro adhoc
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company: Lenzing AG

A-A-4860 Lenzing
phone: +43 7672-701-0
FAX: +43 7672-96301
mail: a.guldt@lenzing.com
WWW: http://www.lenzing.com
sector: Chemicals
ISIN: AT0000644505
indexes: WBI, ATX, Prime Market
stockmarkets: free trade: Berlin, official market: Wien
language: English