30.09.2016 10:50:18
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DGAP-Ad hoc: SHW AG
SHW AG / Key word(s): Incoming Orders
30.09.2016 10:50
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Publication of an Insider Information in accordance with Article 17 MAR
SHW AG: First major order from world's leading manufacturer of fully
electric vehicles
Aalen, 30. September 2016. SHW Automotive GmbH, a wholly owned subsidiary
of SHW AG, has received a new order from the world's leading manufacturer
of fully electric vehicles as a system supplier of electric axle drive
pumps, with a lifetime sales volume of approx. EUR 100 million. Thereby SHW
has succeeded in prevailing against strong international competition. As a
manufacturer of hydraulic oil pumps, SHW AG has thus won the most important
large-scale contract currently put out to tender for pump applications for
fully electric vehicles. The start of production is currently scheduled for
the first half of 2017. Based on current planning, the production is
oriented on a period of at least 5 years. This contract represents SHW AG's
entry into the market of purely electric vehicles.
30.09.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
--------------------------------------------------------------------------- Language: English Company: SHW AG Wilhelmstrasse 67 73433 Aalen Germany Phone: +49 7361 502-1 Fax: +49 7361 502-674 E-mail: ir@shw.de Internet: www.shw.de ISIN: DE000A1JBPV9 WKN: A1JBPV Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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