Kardex AG is selling its AFT division effective February 21, 2007 to the
Munich-based Certina Group since agreement could not be reached with
the original buyer (see media information dated December 22, 2006) on
the terms of the closing. The contract with the Certina Group was signed
and closed yesterday. As previously published, the anticipated
extraordinary costs for the restructuring and hive-off of AFT amount to
around EUR 25 million. Appropriate provisions are to be made in the 2006
financial statements.
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