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ERIKS acquires AMG Pesch GmbH && Co. KG

As of December 22, 2010, ERIKS has concluded a preliminary agreement with the provisional insolvency administrator of AMG Pesch GmbH & Co. KG regarding the acquisition of the main assets and commercial activities of AMG Pesch, Cologne (Germany). The agreement provides for a takeover of activities with effect from 01.01.2011 and was concluded subject to the approval of the Federal Cartel Office, which is expected shortly.

The activities of AMG Pesch comprise the construction, design, manufacture, marketing and sale of high-quality pneumatic valve actuators, special valves, standard valves and assemblies in the field of fluid technology. The company's customers are original equipment manufacturers (OEM) and end users, particularly in the segments of chemicals, energy, pharmaceuticals, mechanical engineering, food technology and pump and plant construction.

In addition to the company headquarters in Cologne, other sites are operated in Merseburg (Germany) and in Nanjing (China). AMG Pesch is supported by a reliable team of around 90 employees, with wide ranging expertise, many years of experience, a mature and extensive product range and the latest technology in the field of shut off technology. These factors have made the company one of
Germany's leading providers in this industry.

This acquisition represents a clear expansion of the market position of ERIKS Germany in the field of fluid technology. The activities of AMG Pesch will be integrated into the existing structures of the ERIKS network in Germany as a Core Competence Center, allowing ERIKS to continue on its course of completing its product range and focusing on innovative technology oriented market activities.

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