PDF [2.4 MB] - Kolbenschmidt Pierburg AG

Pu bl i cbid to ta ke
over Jage n b e rg
D ü ss e ld o rf / N e uss . On De ce m b e r
14, 2000, the officia l term for acce pt
i ng the vol un ta ry pu bl i c bid announced
by R h e i n m e ta l AG to ta ke over all
p re fe r red sto ck o u t sta n d i ng of J a ge nb
e rg AG (ISIN DE 000 621 2038) co mm
e n ced. Rheinmeta ll AG is o f fe r i ng €
2 .30 for ea ch sha re of J a ge n b e rg prefe
r red sto ck, hence aro und 65%
a b ove the cl osi ng price quoted on the
day p re ce d i ng the pu bl i cbid announ-
N e wsl i n e
ce m e n t. The period for acce p t i ng this
bid for Jage n b e rg pre fe r red sto ck will
ex p i re at the cl ose of J a n u a ry 2 2 ,
2 0 0 1 .
A t p resent, Rheinmeta ll ow ns 8 6 %
o f J a ge n b e rg AG’s n o nl isted co m m o n ,
and 3% of the pre fe r red, sto ck. The cap
i ta lsto ck is d i vided into 20, 0 0 0, 0 0 0
no-par shares, viz. 12,000,000 of
common and 8,000,000 of n o nvo t i ng
preferred stock. Rheinmetall consid
e rs i t sbid a to ken of i t s pa rt i cular resp
o nsi bil i t y to the pre fe r red sto ckh old
e rs o fJ a ge n b e rg AG and, by payi ng a
share price well above the pre-an-
“On fast lane” wi t h
i n teg ra ted ante n nas
N e cka rte nzl i nge n . Richard Hirschmann
GmbH & Co. (Necka rte nzl i nge n )
has booked orders from Daimler-
C h rysle r, Audi and V Wfor the deve l o pm
e n tand production of i n teg ra ted ante
n na systems. T h ese syste m s a re intended
for seven diffe re n tve h i cle typ
es, incl u d i ng the su ccessor model to
the pres e n tE- class o f Me rce d es Be nz ,
the new Audi A4 and the so-called
“ Super” Passa to fV W. The ord e rs ha ve
6
n o un ce m e n tcl osi ng price, is o f fe r i ng
them the opp o rtun i t yto wi t h d raw fro m
J a ge n b e rg AG, whose exe cu t i ve boa rd
has welcomed Rheinmetall’s voluntary
public takeover bid and recomm
e n ds i t s sto ckh old e rs to acce p ti t.
R h e i n m e ta ll st ill i n te n ds to divest
J a ge n b e rg, pre fe re n ce being given to
a solution where Jage n b e rg as a
w h ole is s old to a prosp e c t i ve investo
r. Rheinmeta ll has d e cided in
fa vor of a vol un ta ry ta ke over bid si n ce
p rosp e c t i ve investo rs will ma i nl y b e
i n te rested in acq u i r i ng all o f J a ge nb
e rg AG’s sto ck .
New co n t ra c t– inspection ca pa ci t yd o u ble d
Eu ro tun n e lo p ts for HCV s yste m s
Fol ksto n e / Wi esbaden. H e i mann Systems,
the wo r ld ’ slead i ng ma n u fa c turer
and su pplier of X- ray i nspection systems,
has b o o ked a fu rther order fro m
Eu ro tun n e l pl c. (Grea t B r i tain). In placi
ng this o rd e r, the British opera tor of
Eu ro tun n e ll o ca ted at Fol kstone in Ke n t
a i m s to increase the ca rgo insp e c t i o n
ca pa ci t yin order to secu re globa lca rgo
t ra f f i ct h rough the Cha n n e lTun n e l. T h e
co n t ra c tco m p r is es the delive ry and insta
llation of a new sta t i o na ry X- ray i nspection
equipment as we ll as t h e
m o d e r n i zation of the exist i ng Eu rosca n
s ystem. Both syste m s a re pa rt o f H e imann
Systems’ Heimann Ca rgo Visi o n
(HCV) ra nge of p roducts, deve l o p e d
sp e ci f i ca ll yfor X- ray s e cu r i t yi nsp e c t i o n
o fl oaded trucks and co n ta i n e rs .
These inspection systems produce
rad i oscopic, high-definition ima ges o f
ve h i cles and loaded go o ds, which are
then ana l y zed by t rained secu r i t yp e rs
o n n e l. As a result, illega lor da nge ro us
go o ds and su bsta n ces su ch as ex pl osives,
even hidden in a sea led co m pa rtm
e n tor in the drive r ’ sca bin, can be dete
c ted as i f the frame of the truck we re
transparent. An inspection doe s not
ta ke more than 10 minutes a t the most
and avo i ds ma n u a ls ea rch of ve h i cles .
T h is new co n t ra c t re f le c t s the co mm
e rcia l su ccess o f the inspection syste
m s for the Eu ro tunnel, with a cu rre
n t f l ow of 4,000 to 5,000 trucks
e ve ry day. It is a lso the resul to f a su ccess
ful co o p e ration between Eu ro tunn
e l and Heimann Syste m s a ro und the
co n ception of a tu r n ke y i nsta lla t i o n ,
p e rfe c t l y su i ted to the sp e ci f i cte ch n ica
ln e e ds o f the custo m e r.
The new Heimann Ca rgo Vision stat
i o na ry e q u i p m e n twill o f fer the most
re ce n t te ch n ol o g i ca l fea tu res d e veloped
by the co m pa ny, for insta n ce an
i n creased inspection ca pa ci t y o f 3 0
ve h i cles per hour.
The modernization of the cu r re n tEuroscan
system, in operation si n ce
1993, will i n clude new visu a l i za t i o n
and ima ge pro cessi ng fea tu res a n d
will a ll ow for a si g n i f i ca n t e n ha n cem
e n to f va r i o us co m p o n e n t so f the system,
e.g. co nve yi ng of ve h i cles, qualit
y and pre cision of X- ray i ma g i ng.
T h ese HCV s ystems, which will b e
o p e ra t i o na la t the British entra n ce of
the Cha n n e l Tunnel, will d o u ble the
cu r re n t i nspection ca pa ci t y. Fu rt h e rm
o re, both syste m s will be opera t i ona
l on a 24 hour basis. De l i ve ry o ft h e
new system is sch e d uled for ea r l y
2 0 02, and the upg rade of the cu r re n t
Eu roscan system will be co m ple ted by
the end of 2 0 02. The pro je c t will b e
ha n d led in su ch a way t ha t ca rgo inspection
fa cil i t i es a t Eu ro tun n e l will b e
o p e ra t i o na land effici e n ta ta ll t i m es .
Eq u i p m e n t f rom the Wi esbad e n -
based sp e cia l ist is a l read y in servi ce at
n u m e ro us ke y co m m e rcia lt ra f f i cp o i n t s
in Eu rope and wo r ld wide. 13 insp e c t i o n
s yste m s ha ve been ta ken into operation
at va r i o us s ea p o rts, airport s a n d
b o rder loca t i o ns si n ce 1991. The la test
i nsta lla t i o ns a re loca ted at the Va a l imaa
border crossi ng (Finland), at t h e
Po rt o fTe ma in Gha na, Ro t te rdam in the
N e t h e r la n ds, Su ba raya and Jaka rta in
I n d o n esia. T h is yea r, Heimann Syste m s
has been awa rded new co n t ra c t swi t h
the Mexi can, Japa n ese and Britis h
Customs. By the end of 2001, Heima n n
Syste m s will ha ve delive red more tha n
21 syste m so f the HCV fa m il yso tha tt h e
co m pa ny is n ow the leader in the co ntainer
inspection system ma r ke t.
an ove ra l value of a pp rox. 15 mill i o n
per yea r. The diffe re n tm o d e ls will b e
produced over a period of several
yea rs.
The possi ble us es o f i n teg ra ted ante
n na syste m sra nge from the re ce p t ion
of radio and TV b road cast s to mobile
radio co m m un i ca t i o ns and sa te ll
i te na vi gation through to co n t rol o f
the ce n t ra ll o cki ng or sta n d by h ea t i ng
system. Currently, only two compan
i es in the wo r ld ha ve the te ch n i ca l
k n ow - h ow for su ch ante n na syste m s :
the Delphi su bsi d ia ry Fu ba (Bad S a l zd
e t fu rth) and Hirsch ma n n .