Stuttgart, Jan 26, 2007
DaimlerChrysler AG (stock exchange abbreviation DCX) has sold its Stuttgart-based 100% subsidiary DaimlerChrysler Aviation GmbH (DCA) to a subsidiary of ATON GmbH in Fulda, Germany. The transaction is subject to the approval of the relevant antitrust and aviation authorities and is expected to be completed in the first quarter of 2007. The parties have agreed to keep the purchase price confidential.
The sale is part of the measures currently being taken to increase efficiency and optimize the Group?s portfolio with the goal of improving the return on net assets (RONA).
DaimlerChrysler Aviation primarily provides tailored air-transport services to business travelers and currently employs approximately 200 persons. In 2006, DCA generated revenues with companies of the DaimlerChrysler Group and third parties of approximately ?65 million.
ATON GmbH makes long-term investments in innovative companies in the future-oriented fields of raw materials, services and applied technology.
