H3-VH23-B flender n eupex coupling Helical gear Reduction Boxes H3

Flender/Flender Gear Units/Helical gear Reduction Boxes H3

conducts its business through Siemens Limited South Africa (Siemens SA). Siemens SA has the following subsidiaries in South Africa: Siemens Telecommunicati ons (Pty) Ltd, Siemens Real Estate Management (Pty) Ltd, Siemens Demag Delavel Turbomachinery (Pty) Ltd and Siemed Services (Pty) Ltd. Siemens AG and Siemens SA will be collectively referred to as Siemens. 3. The primary target firm is Flender Holding GmbH (Flender Holding).2 Flender Holding has the following subsidiary in South Africa: Flender Power transmission (Pty) Ltd (Flender) which in turn has one subsidiary namely Flender Services (SA) (Pty) Ltd. 4. Siemens AG is acquiring all the issued capital in Flender Holding. According to the parties, the acquisition will enable Siemens AG to expand its interests from electrical power transmission equipment to mechanical power transmission equipment. This would enable Siemens to provide more complete drive olutions to its customers.3 1 Listed on the German Exchange, the Swiss Stock Exchange, the New York Stock Exchange and the London Stock Exchange. Its shareholding is widely held with no single entity controlling party. 2 Citigroup Incorporated owns more than 5% of he outstanding voting securities of Flender Holding. 3 During the hearing on 2 July 2, the merging parties attorney stated that: there [was] move towards one -stop-shop supplier. [customers] would prefer obtaining all of the components from one supplier for various reason. These are maintenance issues as well as price. They are better able to obtain discounts from supplier such as SEW that will be able to supply all of the components required At page 3 -4 of the transcript. 2The Merging parties activities 5. Siemens is active worldwide in range of businesses. However, in South Africa, Siemens is involved in information and communication, mobile telephony, information technology, medical solutions , transp