GILDEMEISTER and Mori Seiki combine their activities in the USA and India

Bielefeld. GILDEMEISTER and Mori Seiki concentrate their activities in the traditional USA market and the growth market of India. Both companies have agreed to join all their sales and service activities into one company as of 1 April 2010.

The DMG / Mori Seiki USA with registered office in Chicago (USA) will be responsible for customer service, the spare parts business, training measures and technical support among other areas. The two enterprises now want to push sales in the traditional USA market jointly. Customers will benefit from a considerably stronger sales and service organisation and will be able to select the most suitable solution from a wide product ranges of both manufacturers. The USA cooperation creates a high additional advantage for customers: They receive high-quality services that are appropriate to their individual production requirements.

"Our joint innovative customer focus allows us to approach the challenges posed by the international economic crisis in a targeted manner and to master them," Dr. Rüdiger Kapitza, the chairman of the GILDEMEISTER Executive Board, explained the reasons for the joint USA approach, which follows on from cooperation activities that have already been successfully implemented in other markets.

In the growth market of India, GILDEMEISTER and Mori Seiki are also combining their sales and service operations as of 1 April 2010. The DMG / Mori Seiki India in Bangalore (India) will be responsible for the complete service and support of the entire product portfolios of both manufacturers. The employee know-how and the technologies of both enterprises complement each other. "Bringing together high-quality technologies and a strong sales and support organisation creates efficiency advantages for everyone," Dr. Masahiko Mori, president of Mori Seiki stated.

GILDEMEISTER and Mori Seiki are expanding their presence in the fast-growing Indian market and are jointly investing in a new technology centre with a large showroom. There, extended solutions for the Indian market and as well as products to suit the precise needs and desires of customers will be presented.

GILDEMEISTER Aktiengesellschaft
The Executive Board

Disclaimer, Forward-looking statement

Statements relating to the future:

This press release contains forward-looking statements, which are based on current estimates of the management of future developments. Such statements are based on the management's current expectations and specific assumptions. They are subject to risks, uncertainties and other factors, which could lead to the actual future circumstances, including the assets, liabilities, financial position and profit or loss of GILDEMEISTER, differing materially from or being more negative than those expressly or implicitly assumed or described in these statements. The business activities of GILDEMEISTER are subject to a series of risks and uncertainties, which may result in forward-looking statements, estimates or forecasts becoming inaccurate. Should one of these factors of uncertainty or other unforeseeable event occur, or should the assumptions on which these statements are based prove incorrect, the actual results may differ materially from the results stated, expected, anticipated, intended, planned, aimed at, estimated or projected in these statements. Forward-looking statements must not be understood as a guarantee or assurance of the future developments or events contained therein.