IPO of Klingelnberg AG

The issued share capital of Klingelnberg AG comprises 8‘840‘000 registered shares with a nominal value of CHF 5.00 per share. 440’000 new shares and 4‘105‘651 existing shares were sold as part of the basic offering. With an issue price of CHF 53.00, the placement volume corresponds to CHF 241  million (before the exercise of the over-allotment option). Based on the opening price of CHF 54.00, the market capitalization was CHF 477 million. Furthermore, an over-allotment option of up to 461’845 existing registered shares was granted to the syndicate banks; the option can be exercised until 20 July 2018. The listing is in accordance with the Swiss Reporting Standard.

Klingelnberg is a global market leader in developing and manufacturing premium machine tools and equipment for bevel gear and cylindrical gear machining and precision measuring centers for axially symmetrical components and gearing. In addition, Klingelnberg is one of the few providers of machine tools and measuring centers for gear production that also manufactures bevel gears itself to customer specifications. With a global installed base of approximately 6,000 machines, Klingelnberg is the preferred partner for many blue-chip customers across various end-markets in the gear industry and has distinguished itself through its digital competence, high levels of product technology, precision and quality and absolute adherence to delivery schedules.