3W Power S.A. / AEG Power Solutions
3W Power S.A. / AEG Power Solutions: Successful conclusion of proceeding over German Subsidiary lays foundation for profitable growth
DGAP-News: 3W Power S.A. / AEG Power Solutions / Key word(s): Strategic Company Decision
– Proceeding over German subsidiary lifted by court as of May 1, 2017 – Restructuring enables more efficient and competitive setup of German entity – Big step in focusing the whole group on its core industrial business, grow service and develop a customer centric structure May 2, 2017, Luxembourg / Zwanenburg, The Netherlands. 3W Power S.A. (ISIN LU1072910919, 3W9K), the holding of AEG Power Solutions Group, announced today that the self-administration proceeding over its German subsidiary AEG Power Solutions GmbH is concluded and the proceeding has been repealed by the local court of Arnsberg, Germany, as of May 1, 2017. Jeffrey Casper, CEO of 3W Power S.A., said: “Thanks to the contributions of our stakeholders and the hard work of our teams, our German subsidiary is set up in a more efficient, customer-centric and group-integrated structure with a focus on our core industrial business. The measures taken will enable the German subsidiary to operate efficiently in the future, in a better integrated, more cooperative structure.” This process was part of a broader reorganization of AEG Power Solutions group as a global company. The goal of the reorganization is to focus the group on its core industrial business, grow service and develop a customer centric culture and processes which are essential to achieve sustainable profitability. Details of the restructuring will be published in the company annual report 2016, scheduled to be released on May 18, 2017. — End of the Press Release — About 3W Power: For more information, visit www.aegps.com
02.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | 3W Power S.A. / AEG Power Solutions |
19, rue Eugène Ruppert | |
L-2453 Luxemburg | |
Grand Duchy of Luxembourg | |
Phone: | +31 20 4077 800 |
Fax: | +31 20 4077 801 |
E-mail: | janine.rechel@aegps.com |
Internet: | www.aegps.com |
ISIN: | LU1072910919, DE000A1A29T7, |
WKN: | A114Z9 , A1A29T, |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, Tradegate Exchange |
End of News | DGAP News Service |