MAX Automation SE concludes agreement on sale of MA micro Group

EQS-News: MAX Automation SE / Key word(s): Disposal
MAX Automation SE concludes agreement on sale of MA micro Group

26.04.2024 / 12:10 CET/CEST
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

MAX Automation SE concludes agreement on sale of MA micro Group

  * Purchase price of approx. EUR 71.5 million to EUR 76.5 million, subject
    to 2024 performance

* Closing of the transaction expected in H2 2024

* Proceeds will mainly be used to reduce financial liabilities


Hamburg, 26 April 2024 - MAX Management GmbH, a wholly-owned subsidiary of
MAX Automation SE (ISIN DE000A2DA588), an investment company listed in the
Prime Standard segment of the Frankfurt Stock Exchange, today has concluded
an agreement on the sale of the MA micro Group to Hitachi, Ltd. (TSE:6501),
a global Japanese conglomerate. After the acquisition is completed, MA micro
automation will join JR Automation Technologies, LLC, a Hitachi group
company and a market leader in providing advanced automation solutions and
digital technologies in the robotic systems integration business for North
America, Europe, and Southeast Asia as a continued effort to expand the
company's global presence. The purchase price for the MA micro Group,
consisting of MA micro automation GmbH and its subsidiaries MA Life Science
GmbH, Micro Automation LLC, and Micro Automation LLP, amounts to a range of
approximately EUR 71.5 million to EUR 76.5 million, subject to 2024
performance of the MA micro Group. The Company intends to use the proceeds
from the sale primarily to reduce financial liabilities by partially
repaying the syndicated loan.

Guido Mundt, Chairman of the Supervisory Board of MAX Automation SE: "MA
micro Group is very well positioned both operationally and financially and
has become a leading technology provider with its focus on the MedTech
market. The MA micro Group is therefore a good example of the implementation
of our strategy to enhance the development and potential of our investments.
We are very pleased to have found the ideal partner for a broader
positioning of the MA micro Group and are convinced that being part of the
Hitachi Group will enable the next phase of growth for the MA micro Group."

The transaction, subject to various customary conditions, in particular the
granting of merger control approvals, is expected to be closed in the second
half year of 2024.

Houlihan Lokey Germany is acting as transaction advisor and Hengeler Mueller
as legal advisor to MAX Automation.

CONTACT:

Marcel Neustock
Investor Relations
Phone: +49 - 40 - 8080 582 75
investor.relations@maxautomation.com
www.maxautomation.com

CONTACT FOR MEDIA REPRESENTATIVES:

Susan Hoffmeister
CROSS ALLIANCE communication GmbH
Phone: +49 - 89 - 125 09 03 33
sh@crossalliance.de
www.crossalliance.de

ABOUT MAX AUTOMATION SE

MAX Automation SE, headquartered in Hamburg, is a medium-sized finance and
investment company focused on the management and acquisition of investments
in growth and high cash flow companies operating in niche markets. The
products and solutions of the portfolio companies are used in various end
industries and for numerous industrial applications, including automotive,
electronics, recycling, raw materials processing, packaging, and medical
technology. MAX Automation SE has been listed in the Prime Standard of the
Frankfurt Stock Exchange since 2015 (ISIN DE000A2DA588).

www.maxautomation.com


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26.04.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        MAX Automation SE
                   Steinhöft 11
                   20459 Hamburg
                   Germany
   Phone:          +4940808058270
   Fax:            +4940808058299
   E-mail:         investor.relations@maxautomation.com
   Internet:       www.maxautomation.com
   ISIN:           DE000A2DA588
   WKN:            A2DA58
   Listed:         Regulated Market in Frankfurt (Prime Standard);
                   Regulated Unofficial Market in Berlin, Dusseldorf,
                   Hamburg, Munich, Stuttgart, Tradegate Exchange
   EQS News ID:    1890629

End of News EQS News Service
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1890629 26.04.2024 CET/CEST