Wacker Construction Equipment AG plans spring IPO

4/17/2007, 7:56 AM (Source: GlobeNewswire)
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Sights set on continued strong growth of sales and earnings

(Munich, April 17, 2007) Wacker Construction Equipment AG firms up
its IPO plans. Flotation on Frankfurt Stock Exchange's Official
Market (Prime Standard) is scheduled for this spring. In fiscal 2006,
the company grew sales by 23.1 percent to EUR 619.3 million and
profit before interest and tax (EBIT) 51.3 percent to EUR 76.7
million. It plans to merge with Neuson Kramer Baumaschinen AG
(Austria), one of the leading suppliers of compact equipment in
Europe, during the current year.

Improved market position and profitability
During fiscal 2006, Wacker Construction Equipment AG has been
steadily preparing to enter the capital market. It achieved all its
targets, improving its market position and profitability and
successfully integrating two acquired companies in the WACKER Group.
"We have our sights set on further sales and profit growth in 2007
and are now ready to press ahead with our IPO," confirms Dr.-Ing.
Georg Sick, CEO and President of the Executive Board.
Deutsche Bank, Sal. Oppenheim and UBS Investment Bank are the joint
global coordinators and joint bookrunners. The company plans to
increase capital and issue a secondary placement. Through the IPO,
the company sees a chance to strengthen its leading market position
and drive its international growth strategy. The IPO proceeds will be
channeled predominantly into expanding the rental business in Central
Europe and increasing production capacity in the compact equipment
business segment.

Merger with Wacker Neuson AG planned
Following the IPO, Wacker Construction Equipment AG plans to merge
with Neuson Kramer Baumaschinen AG to form Wacker Neuson AG, creating
a major global manufacturer of light and compact equipment. "The
high-quality portfolios of both companies are highly complementary
with almost identical user bases, target markets and sales channels.
In particular, we aim to capitalize on compact equipment market
opportunities in Europe, the USA and Asia," explains Sick, who will
be heading up the new company. Neuson Kramer achieved sales of EUR
262.5 million (up 32.3 percent) and EBIT of EUR 45.3 million (up 49.2
percent) in fiscal 2006/07 (February 1 - January 31).

About Wacker Construction Equipment AG:
Founded in 1848 as a blacksmith's shop, today Wacker is a major
global manufacturer of high-quality light and compact equipment
designed to help customers increase operational efficiency. With over
250 product categories and complementary rental, spare parts and
repair services, Wacker is the partner of choice among professional
users in construction, gardening, landscaping and agriculture. The
company has over 160 sales and service stations in more than 30
countries, ensuring it has the consulting and support depth and reach
necessary to give its customers the best possible service. In fiscal
2006, Wacker increased sales by 23.1 percent to EUR 619.3 million and
profit before interest and tax by 51.3 percent to EUR 76.7 million.
Maintaining its traditional roots, the company is almost
exclusively in the hands of its founder family.

Imre Szerdahelyi Dr. Kay Baden
Head of Corporate Communication Member of the
Executive Committee
Wacker Construction Equipment AG Kirchhoff Consult AG
Preußenstr. 41 Ahrensburger Weg 2
80809 Munich 22359 Hamburg
Germany Germany
Phone: +49 - (0)89 - 354 02 - 251 Phone: +49 - (0)40 -
609 186 - 39
Fax +49 - (0)89 - 354 02 - 298 Fax: +49 - (0)40 -
609 186 - 60
imre.szerdahelyi@eu.wackergroup.com baden@kirchhoff.de

This publication constitutes neither an offer to sell nor an
invitation to buy securities. An offer in Germany will be made
exclusively by means of and on the basis of a prospectus which upon
approval will be published on the websites of Wacker Construction
Equipment AG and available free of charge at the company and the
syndicate banks.

This document does not constitute an offer of securities for sale or
a solicitation of an offer to purchase securities in the United
States. The shares in Wacker Construction Equipment AG (the "Shares")
may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of
1933, as amended. Neither Wacker Construction Equipment AG nor any
selling shareholder intends to register any portion of the offering
in the United States or to conduct a public offering of the Shares in
the United States.

This document is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services
and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order")
or (iii) high net worth entities, and other persons to whom it may
lawfully be communicated, falling within Article 49(2)(a) to (d) of
the Order (all such persons together being referred to as "relevant
persons"). The Shares are only available to, and any invitation,
offer or agreement to subscribe, purchase or otherwise acquire such
securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document
or any of its contents.

--- End of Message ---

Wacker Construction Equipment AG
Preußenstr. 41 München

Listed: Amtlicher Markt in
Frankfurter Wertpapierbörse, Prime Standard in Frankfurter
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