KML-Group joins Aalberts N.V.

We are happy to announce that we have reached an agreement with industrial technology company Aalberts N.V. from Utrecht, the Netherlands (in the following: „Aalberts“) to acquire 100% of the shares in KML Linear Motion Technology GmbH and its subsidiary KML Precision Machining GmbH (together in the following: „KML Group“). This new partnership is set up to drive the long-term growth of KML Group. Aalberts and KML Group will be able to offer combined mechatronics solutions to existing key accounts and new customers in different regions. Technology will be exchanged between the companies to drive innovations and further capacity expansions will be facilitated. The closing of the transaction is still subject to a limited number of formal conditions.

Mr. Andreas Wiedrich, who co-founded KML in 1994, and his experienced management team will continue to manage and grow both companies under Aalberts’ ownership.

Aalberts, founded in 1975, is a listed global industrial technology company headquartered in Utrecht, The Netherlands with approx. 14,500 employees in 135 locations worldwide and a turnover of almost EUR 3 bn. Aalberts’ offering comprises innovative products and services in eco-friendly buildings, sustainable transportation, industrial niches and semicon efficiency. Aalberts aims to achieve sustainable profitable growth through leading positions in markets where innovation is essential. It has a strong footprint in the United States and Europe, including various locations in the DACH region.

We, both companies of the KML Group, will continue to provide our products and services to you in the usual manner and we will maintain to be your reliable business partner.

We would like to thank you for the continued trusting cooperation. In case of any question, we are available for you at any time.