GILDEMEISTER, Mori Seiki and Mitsui found Joint Venture
Bielefeld. GILDEMEISTER and Mori Seiki offer their customers financing solutions when buying metal cutting machine tools from the beginning 2010. Today both companies together with the japanese trading enterprise Mitsui & Co. Ltd. signed a contract founding a joint venture.
Registered office of the financing company "MG Finance GmbH" will be Wernau in Baden-Württemberg (Germany); the foundation of the company is subject to the permission of the Federal Trade Commissions. GILDEMEISTER and Mori Seiki each hold 33% of the shares; Mitsui holds 34%. This joint venture offers customers individual financing solutions. First of all customers from Germany and Great Britain can profit from the financing offers; in the course of the year the offer shall be extended Europe-wide. Thus both companies react to financing shortfalls of their customers.
The alliance between GILDEMEISTER and Mori Seiki contracted in March covers production, research and development, purchasing, sales and service as well as the worldwide provision of customer financing.
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.