Duerr AG (OTCPK:DUERF)

$ 24.12 0 (0%) Market Cap: 1.64 Bil Enterprise Value: 1.95 Bil PE Ratio: 19.20 PB Ratio: 1.32 GF Score: 78/100

Duerr AG to Acquire Automation Specialist BBS Automation Transcript

Jun 13, 2023 / 01:00PM GMT

Release Date Price: $32.64 (+9.90%)

Transcript

Operator

Welcome to the Durr Conference Call. Dr. Jochen Weyrauch, CEO; and Dietmar Heinrich, CFO of Durr AG, will present details on the acquisition of BBS Automation, followed by a Q&A session. I will now hand over to Mathias Christen to begin.

Mathias Christen;Jochen Weyrauch

DÃ¼rr Aktiengesellschaft - CEO & Chairman of

Ladies and gentlemen, good afternoon or good morning for those of you who joined us in North America. My name is Mathias Christen.

Don't worry. I will come you instead of Andreas Shaver, who is traveling to see investors in the United States for the moment. So somewhere in the air. From last night, Present of (inaudible) releases, you could see that to entered into a major M&A transaction, acquiring 100% of the shares in Germany-based BBS automation.

Our CEO, Jochen Weyrauch, will now explain to you the details and the strategic rationale of this acquisition. Jochen is also joining us from the U.S. today, but that shouldn't be a problem. I'm now handing over to him. Johan please go ahead.

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