EQS-Adhoc

Dürr Group sells Danish subsidiary Agramkow

EQS-Ad-hoc: Dürr Aktiengesellschaft / Key word(s): Disposal Dürr Group sells Danish subsidiary Agramkow 25-Apr-2024 / 18:04 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Dürr Group sells Danish subsidiary Agramkow

Dürr AG – WKN 556520 / ISIN DE0005565204

Bietigheim-Bissingen, April 25, 2024 — The Dürr Group is selling the Danish Group company Agramkow Fluid Systems A/S, including two subsidiaries and further assets, to the Swedish investment company Solix Group AB. Agramkow specializes in filling technology for the non-automotive sector and achieved sales of around €45 million in the 2023 fiscal year. Agramkow’s enterprise value stands at €47 million.

Headquartered in Sønderborg, Denmark, Agramkow is the world’s leading supplier of systems for filling refrigerators, air-conditioning systems, and heat pumps with refrigerant. The company has belonged to the Dürr Group since 2011 but is no longer part of the strategically relevant core business and has few synergies with other parts of the Group. As a result, the Board of Management of Dürr AG believes that Agramkow has better growth prospects outside the Group. The transaction does not involve the business in filling technology for the automotive industry, which is operated by Dürr Somac GmbH and remains within the Dürr Group as part of its core business.

Agramkow belongs to the Industrial Automation Systems division. In 2023, with around 160 employees, Agramkow achieved an EBIT margin before extraordinary effects above the Group average of 6.1 %. The purchase agreement signed with Solix today is likely to be executed at the end of the second quarter, following completion of the carve-out process. Due to the expected proceeds from the sale, Dürr AG is adjusting the forecast for its net financial status as of December 31, 2024, to between €-500 and -550 million (previously: between €-540 and -590 million).