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36<br />
FINANCIAL INFORMATION REGARDING THE KARDEX REMSTAR GROUP<br />
Notes to the consolidated financial statements<br />
26: Group companies at December 31, <strong>2003</strong> (continuation)<br />
Ireland <strong>Kardex</strong> Systems Ireland Ltd., Dublin ●<br />
Italy <strong>Kardex</strong> Te-Co S.p.A., Opera-Milano ●<br />
Mexico AFT Automatización y Sistemas de Transportación de México S.A. de C.V., Mexico ●<br />
Netherlands <strong>Kardex</strong> Europe B.V., Amsterdam ◆<br />
<strong>Kardex</strong> Nederland B.V., Woerden ◆<br />
<strong>Kardex</strong> Systemen B.V., Woerden ●<br />
Stow Nederland bv, TZ Hoeven ●<br />
Norway <strong>Kardex</strong> System AS, Oslo ●<br />
Poland Stow Polska Sp.z.o.o., Warsaw ●<br />
Slovakia AFT Slovakia s.r.o., Bratislava ●<br />
South Korea Seo Kwang AFT Co. Ltd., Kyeonggi-Do ■ ●<br />
Spain ET Systems S.L., Sant Just Desvern ●<br />
<strong>Kardex</strong> Sistemas S.A., Madrid ●<br />
Switzerland Dreier Systemtechnik AG, Reinach ■ ●<br />
<strong>Kardex</strong> AG, Zurich ◆<br />
<strong>Kardex</strong> Systems AG, Volketswil ●<br />
Kardimo AG, Zurich ◆<br />
RETIS Software AG, Jona (sold at September 30, <strong>2003</strong>) ■ ●<br />
Sistemco AG, Cham ◆<br />
System Schultheis AG, Rapperswil ■ ●<br />
UK AFT Automation and Conveying Systems UK, Ltd., Telford Shropshire ●<br />
<strong>Kardex</strong> Holdings Ltd., Epping ◆<br />
<strong>Kardex</strong> Systems (UK) Ltd., Epping ●<br />
Megamat (UK) Ltd., Milton Keynes ●<br />
Stow U.K. Co. Ltd., Sunbury on Thames ●<br />
USA AFT Automation and Conveying Systems Ltd., Auburn Hills ●<br />
◆ Finance, real estate, services<br />
■ Development, production<br />
● Distribution, maintenance<br />
MHAT Inc., Auburn Hills ◆<br />
Remstar International Inc., Westbrook (Maine) ■ ●
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