Langley Group behind takeover of manroland AG sheet fed division…

Augsburg, 1st February 2012. An investor solution has been found for the sheet fed business of manroland AG in insolvency proceedings. The privately owned British engineering group, Langley Holdings plc, has emerged as the investor behind the takeover of the sheet fed printing equipment division, its production facilities (including all real estate in Offenbach), together with the international marketing organization in more than 40 countries (www.manroland.com).

„I am very pleased with the solution which will provide a long-term perspective to the Offenbach location and the sheet fed printing business”, said Werner Schneider, Insolvency Administrator. Roughly 840 future employees in Offenbach will be taken over according to the present staff planning. In addition, Langley takes over the international marketing organization.

"Tony Langley, sole shareholder of the Langley Group, is well known as a long term investor who acts strategically. We are convinced that a lasting perspective has been found for manroland’s sheet fed printing business“, Schneider continues.

"We foresee very good economic prospects for manroland sheetfed following the recent re-structuring…” said Tony Langley, “…this is a world-class business with an excellent reputation and it’s production and research & development facilities are superb; everything one expects of the very best of German engineering”

Langley already operates two successful technology divisions in Germany in the field of capital equipment; the Piller Group in Osterode / Hanover and the Claudius Peters Group in Buxtehude / Hamburg. In 2011, Langley Holdings achieved revenues of approximately €500 million, with a profit before tax of some €76 million.

All contracts have been signed today. The execution of the transaction is subject to approval of the German cartel office which is expected within the next weeks.

Tony Langley, Chairman, Langley Holdings plc

About Langley

Langley Holdings plc is a globally operating, multi-disciplined engineering group, specialising in capital equipment technologies. Hitherto, the group comprised 4 divisions: Piller (www.piller.com), headquartered near Hanover in Germany, a leading producer of high-end power protection systems primarily for data centres and a producer of aircraft ground power equipment and military electrical systems; Claudius Peters (www.claudiuspeters.com), headquartered near Hamburg in Germany, primarily a plant machinery builder to the cement and steel industries, with an aircraft parts division; ARO (www.arotechnologies.com), headquartered near Tours in France, is a leading producer of resistance welding equipment to the automotive industry and; several other mainly smaller mainly UK based specialist engineering businesses, further information of which can be accessed via the main portal. In 2011 the group recorded revenues of circa €500 million and pre-tax profits around €76 million. The group was established in 1976 by the present Chairman & CEO, Tony Langley, who remains the sole shareholder. The group’s 2011 Annual Report & Accounts are available for down-load from the Langley website: www.langleyholdings.com