DVS TECHNOLOGY : successfully completes the sale of the 50% stake in its subsidiary Heyligenstaedt Werkzeugmaschinen GmbH

DGAP-News: DVS TECHNOLOGY AG / Key word(s): Disposal DVS TECHNOLOGY AG successfully completes the sale of the 50% stake in its subsidiary Heyligenstaedt Werkzeugmaschinen GmbH 22.12.2020 / 15:32 The issuer is solely responsible for the content of this announcement. DIETZENBACH, December 22, 2020 - DVS TECHNOLOGY AG has successfully completed the sale of its 50% stake in Heyligenstaedt Werkzeugmaschinen GmbH. Heyligenstaedt Werkzeugmaschinen GmbH primarily commercializes large milling and turning machines for heavy industry. With the sale, DVS TECHNOLOGY AG is consistently pursuing its strategy of focusing on the core business. This includes the manufacture of machine tools for the large-scale production of transmission components. In addition to conventional drives, solutions for e-mobility are primarily developed. The manufacture of robot cells, gear cutting tools and the processing of complex pursuing workpieces from the powertrain are also part of the DVS TECHNOLOGY Group's growth strategy. Contact DVS TECHNOLOGY AG: Alexandra Wiener Investor Relations & Corporate Communications Phone: [phone] Email: [e-mail] Issuer: DVS TECHNOLOGY AG Johannes-Gutenberg-Straße 1 l 63128 Dietzenbach l Germany Security identification number: 553860. ISIN: DE0005538607 22.12.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	DVS TECHNOLOGY AG
	Johannes-Gutenberg-Str. 1
	63128 Dietzenbach
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.diskus-werke.ag
ISIN:	DE0005538607
WKN:	553860
Listed:	Regulated Unofficial Market in Berlin, Frankfurt (Scale)
EQS News ID:	1156986

End of News	DGAP News Service

1156986  22.12.2020